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Address customer complaints and inquiries promptly to resolve potential issues before they escalate. Secure Payment Processes: Use secure paymentgateways to protect sensitive customer information. Also, implement fraud detection systems to identify and mitigate suspicious transactions.
the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Basics of Credit Card Fees Credit card fees refer to a range of charges that are imposed by credit card issuers on cardholders and merchants for completing credit card payments, either online or in person.
A Acquirer The financial institution that processes payments on behalf of merchants. AddressVerification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer.
When a customer doesn’t have enough available credit or funds to cover the transaction amount, the issuer rejects the charge. Use addressverificationsystems (AVS) to prompt customers to correct mismatches. Partner with a reliable payment processor that offers minimal downtime and strong customer support.
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