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Chargebacks: A Survival Guide

Cardfellow

The burden of proof to show that a customer has been rightfully charged falls on you, and when consumers successfully dispute charges, you lose both the product sold and the revenue from that sale. Even when a dispute is unsuccessful, the acquiring bank will withhold payment for any chargebacks until the matter is resolved.

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Credit Card Merchant Services: What to Look for (and What Most Businesses Miss)

Stax

In this blog, we’ll explore how to approach credit card processing like an opportunity instead of just another expense. Whether its a technical issue or a chargeback dispute, having a real person to talk to can make all the difference. That leads to fragmented data, inconsistent customer experiences, and duplicated efforts.

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Understanding Chargebacks

Segpay

Cardholders dispute a transaction with their bank, resulting in a reversal of funds. This occurs when customers intentionally dispute legitimate transactions just to get a refund of their payment for products or services they did receive. Last year, the payment business suffered an estimated 238 million chargebacks.

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Vendor reconciliation process in accounts payable

Nanonets

We will walk you through the following in this blog post: Why is Vendor Reconciliation so important? Errors in logging payments correctly, duplicates, or missing entries may lead to incorrect reporting. Duplicate Payments: Without regular reconciliation activities, there is always a risk associated with processing payments twice.

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How to Solve Real-Life Problems of Bank Reconciliations (With Examples)

Nanonets

In this blog, we will present some real-life examples of bank reconciliation statements and help solve the major problems faced during bank reconciliation. Banking errors can be disputed with the bank and resolved. Bank reconciliation is vital in discovering such errors timely within dispute windows!

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What is Purchase Order Management? Steps, Best Practices and Benefits

Nanonets

In this blog, we'll walk through what purchase order management is, why it is important, how to implement it effectively, how to automate it using technology. Nanonets Intelligent Automation, and Business Process AI Blog Karan Kalra Step 2: Choose Software to maintain POs Businesses also need a system to document each purchase.

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What is spend management?

Nanonets

In this blog post, we’ll cover spend management in detail and how Nanonets can help automate the process. In this step, organizations validate and clean the data, removing any discrepancies, duplicates, or errors. However, managing expenses manually can be a time-consuming and error-prone process. What is spend management?