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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

If you run a business, youre aware of the basic fees for accepting credit card payments. depending on the credit card. increase in fees can mean thousands of dollars lost each year for a business making steady credit card sales. Assessment Fees What It Is: Charged by the card networks (Visa, Mastercard, etc.)

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Thredd Launches Suite of Enhanced Compliance and Risk Services

Fintech Finance

Fraud Management Services: Around-the-clock card payment fraud transaction monitoring and expert advice on fraud strategy and rule definition based on your programme KPI’s. Scam Transaction Monitoring: Safeguards customers and programmes from the growing threat of Authorised Push Payment (APP) fraud.

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Automating Chargeback Management: First Steps & Best Practices

Fi911

Chargeback volumes have increased 25% annually over the past three years, pushing financial institutions to reconsider their manual processing approaches. With each dispute costing between $25 and $50 to process manually, automation has shifted from a nice-to-have to a business necessity for many organizations.

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Avoided.io: Revolutionising chargeback management and fraud prevention

The Payments Association

In todays fast-paced digital landscape, managing payment disputes and chargebacks has become a significant challenge for businesses, especially in the e-commerce sector. Chargebacks, often triggered by fraud or customer disputes, can severely impact a companys revenue, reputation, and operational efficiency. Thats where avoided.io

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The Credit Card Chargeback Process Explained: What Merchants Need to Know

Stax

As consumers, most of us have looked at last month’s credit card statement and experienced the panic of not recognizing a charge. But credit card chargebacks also occur for a variety of other reasons and they’re not always honest. What Are Credit Card Chargebacks? If not, filing a chargeback is the next best option.

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How One Small Business Saved $10,000 a Year on Payment Processing

Clearly Payments

Whether you run a retail store, an e-commerce business, or a service-based company, the costs of accepting credit and debit cards add up quickly. When reviewing statements, it’s common to see a posted rate of 2.75% or 3% , but hidden fees and markups can push the effective rate to 4% or more. Here’s how they did it.

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Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

Participants noted that while unauthorised fraud, which accounted for annual losses of 709 million, such as remote purchase, remote banking and lost and stolen cards, has remained relatively steady, authorised fraudparticularly investment, purchase, impersonation and romance scamshas surged in recent years to 460 million.