Tag: friendly fraud
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How to Avoid Friendly Fraud, a Growing Threat to Your Business
Friendly fraud is one of the most annoying yet seemingly avoidable types of fraud. Many merchants are left wondering what they’ve done wrong or why their customers are mistreating them. One day you’re in the black, and the next your chargeback ratio spikes beyond acceptable limits. Your payment processor flags your account. Your rolling reserves…
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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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Beat Targeted Chargeback Fraud And Friendly Fraud, Increase Net Profit (Pt. 2)
Welcome back to part two of our blog about chargeback fraud and friendly fraud. In part one of this series we established what the difference was between both of these schemes. We also looked at a few effective tools and tricks that can be used to fight fraud. There are many merchant types that are…
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Beat Targeted Chargeback Fraud And Friendly Fraud, Increase Net Profit (Pt. 1)
Merchants often think that chargeback fraud and friendly fraud is the same thing, but they are quite different. Not knowing the difference between both of these is crucial for your business. Chargebacks are often the number one reason why a company’s credit card processing results in termination. And, excessive chargebacks are the cause for why…
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Fraud Can Kill your Holiday Shopping Season. How To Protect Your Q4 Revenues
The largest shopping season is during the holiday months of October to December. In fact, several retail studies indicate that 2018 Black Friday and Cyber Monday sales are expected to break records this year. It’s also the time for a high number of ecommerce fraud claims and compliance issues. This, in turn, affects the viability…
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