Category: CHARGEBACKS
-
Timeline of a Chargeback: The Merchant’s Guide to Processing Chargebacks
The timeline of a chargeback is a tricky one and tends to favor the customer. It involves all parties: customer, card issuer, credit card network, acquirer, and finally the merchant. Merchants who ignore chargebacks or fail to respond in time will lose revenue, increase their chargeback ratio, and take one step closer to account termination. For these reasons, chargeback management is a high-risk merchant’s best ally. Steps for Chargeback Processing There…
Written by
-
Are chargeback alert services right for me, and which one do I choose? Let’s weigh in.
Every business owner wants to prevent chargebacks, especially high-risk merchants. There’s no 100% fool-proof way to prevent a chargeback from happening, that’s just the cold truth. But there are ways to minimize the occurrence of chargebacks, and one of the leading methods is by using a chargeback alert service. These services are attractive options for many businesses, but whether you use one depends on…
Written by
-
The Top 5 Tips for Disputing a Chargeback as a Merchant
The hard truth is that banks rarely favor the merchant when it comes to disputing a chargeback. The process tends to follow the oft misguided phrase of “the customer is always right”, which can leave a customer with more money than they started with and your product in their hands. It’s easy to understand why…
Written by
-
FAQ Friday-Part 2: Risks VS Benefits for Private Label and Drop Ship Supplement Models
In our last Friday FAQ we covered the fulfillment process and strategies for your nutritional supplements, anti-aging skincare products, and wellness products. You can watch an interview I did with Malcolm Mckinnins here about Fulfillment Strategies to Attract Customers. This week I’m going to cover the differences between dropshipping and private labeling dietary supplement products. In…
Written by
-
Negative Reviews: How They Affect Your Merchant Account and What to Do About Them
Negative reviews can be troublesome for any business owner, but even more so for high-risk business and ones just starting out. They are also an unavoidable consequence of doing business. The sooner you come to terms with this, the sooner you can do something about it. Bad reviews can be harmful, yes, but there’s something…
Written by
