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Tag Archive: chargebacks

September 2, 2015

Credit Card Processing 101: How to Protect Your Company from Charge-Backs

Charge-backs are a common credit card processing issue. Because charge-back fees accumulate fast, they can be very damaging, especially for small businesses. Fortunately, there are viable options for protecting your company from these unwanted expenses. What are Charge-Backs? A charge-back occurs when a credit card user contacts the issuer to dispute a charge and the dispute is deemed valid. As a result, the purchase dollar amount is reversed from the merchant’s account. Common disputes consist of ordered merchandise not received, false/poor representation of a product/service, substandard quality, incorrect billing, or unauthorized charge. As the business owner, you get charged not...Read more