Tag: chargeback fraud
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Accept Payments Faster with High-Risk Credit Card Processing
High-risk credit card processing sounds like an extreme that most online business owners want to avoid. But the truth is that you likely are a high-risk business. Banks and processors often see high-risk businesses as more likely to face chargebacks or fraud, so they set stricter rules or higher fees. But don’t worry, there are…
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Types of Payment Fraud Models (and How to Prevent Them)
As an online business owner, you face many challenges daily. One of the biggest threats to your success is payment fraud. When fraudsters target your business, they can steal products, drain your accounts, and damage your reputation. Let’s explore the most common types of payment fraud and how you can protect your business. GET FRAUD…
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5 Ways to Reach Below 5% Refund Rate & Avoid Chargeback Scams
Chargeback scams are an increasingly significant threat to the bottom line of ecommerce businesses, particularly those operating in high-risk industries. These fraudulent chargebacks not only result in lost revenue but also lead to increased operational costs, damaged relationships with payment processors or service providers, and potential penalties from card networks like Visa and Mastercard. Here’s…
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How to Successfully Dispute Chargebacks as a Merchant: Lessons from the Chargebacks911 Case
Chargebacks—a mechanism designed to protect consumers, but one that can also present significant challenges for businesses. The recent case of the Federal Trade Commission (FTC) against Chargebacks911 has cast a spotlight on these challenges, revealing the complexities and potential pitfalls within the chargeback process. As a merchant, understanding the intricacies of chargeback disputes is not…
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7 Online Strategies For E-Commerce Merchants During The Pandemic
Some e-commerce merchants worry the Coronavirus (COVID-19) is influencing sales and merchant processing. Since March, the pandemic has changed the way entrepreneurs operate their business. Offline sales switched to online orders. And, if sales were already online, either revenue has increased or decreased significantly. Demand for credit card processing is also affected. No one really…
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