Protect Your Revenue with These 3 Q1 Chargeback Prevention Strategies
Let’s talk about a not-so-fun part of post-holiday business: chargebacks. You know the drill—Q4 comes around, sales go through the roof thanks to the holiday rush and those irresistible sales events. But as the confetti settles, Q1 brings a less celebrated trend: a spike in returns, refunds, and the dreaded chargebacks. It’s like the financial […]
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 […]
FAQ Fridays: How Can I Avoid Chargebacks During The Q4 Shopping Season
Q: Black Friday and Cyber Monday have set record sales for my consumer products ecommerce store. This is great news for my business but I’m wondering how I can avoid chargebacks in Q1. I’m focusing a lot on the upcoming Christmas season and have increased ad spend by 30%. I’m hoping to close out the […]
Chargeback Rates Nearing The Dreaded 1% Mark? Here’s How To Fix It
Chargeback rates have become a severe problem for various online merchants over the past couple months during the COVID-19 crisis. Businesses continue to deal with the economic fall out. For example, some within the subscription, travel, sports and supplement sectors see increasing levels of chargebacks. This is particularly true for US-based merchants. And, let’s not […]
New Visa Rules: Why June 2020 Is Crucial For Certain Merchants
Merchants likely heard that new Visa Rules slated to go into effect in April are now postponed. COVID-19 continues to significantly affect the North America and European market. Because of this, the card network companies decided to delay the introduction of new fee structures due April 2020. As such, the new Visa Rules intended for […]