Category: CHARGEBACKS
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Holiday Fraud Can Ruin Your Christmas Revenues. Take These Steps To Secure Sales Into 2020!
Fraudulent transactions happen throughout the year. But, scammers like targeting the Q4 shopping season. This makes Christmas sales and revenue thereafter a very real threat. As a typical medium-sized online merchant, you will have already fended off an average of 206,000 web attacks a month this year. The majority of these attacks are as small…
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Top Sneaky Ways Most Banks Jack Up Your Merchant Processing Fees (Without You Ever Realizing It)
So you got pre-approved to accept online credit card orders and are considering the merchant processing fees in your contract. One payment processor is offering you 1.95% and the other is offering 3.95%. Which one should you choose? The first processing statement often comes as a shock to most merchants that start accepting credit card…
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Psychic Merchant Accounts: A Look Into Your Payment Processing Future
Psychic merchant accounts used to be in high demand in the payments world during the late 1990s and early 2000s. That all changed once a slew of psychic and other by-the-minute hotlines were later found to be fraudulent. The scandal that surrounded the psychic hotline industry caused the availability of high-risk merchant accounts to become…
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New Visa Rules For Dating, Info Product & Other High-Risk Merchants
New Visa rules effective October 1, 2019 are set to affect millions of high-risk merchants. We’ve reviewed the planned changes, determined how your business may be affected, and what you can do right now to prepare. The planned changes will impact when merchants are enrolled in the Visa Fraud Monitoring Program (VFMP) and the Visa…
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Machine Learning – The Best Defense Against Chargebacks
Machine learning has become an excellent line of defense for high-risk merchants tackling fraud and chargebacks. It was once reserved for the worlds of academia and supercomputing. Presently, its broad range of applications are gradually realized considering the operational costs of high-performance computing has decreased. This is particularly true in the payments world. Today, payment…
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