Tom-Chris Emewulu July 21, 2021 Data from Internet Retailer suggests that Indonesia leads the world in e-commerce fraud, with as many as 35% of all transactions from Indonesia identified as probable fraud. Venezuela comes in at a close second, followed by South Africa in third place. And further analysis shows that chargebacks account for up … Continue reading These 8 Crafty Hacks Can Help You Avoid Excessive Chargebacks
Tom-Chris Emewulu July 12, 2021 First, some numbers: 30% – the number of chargebacks that result from transactions made with a stolen card. 26% – the number of chargebacks that result from undelivered orders. 15% – the number of chargebacks initiated by cardholders due to retailers shipping the wrong product. 8% – the number of … Continue reading These Are 9 Chargeback-Producing Merchant Errors You Must Avoid At All Costs
Peter Navarro June 23, 2021 Imagine that a customer visits your website and places an order for 10,000 dollars through a credit card. You verify the transaction is valid after it was approved by the card operator, and proceed to send the product within the agreed period. While you wait for the money to transfer … Continue reading How Businesses Can Protect Themselves from Chargeback Fraud
Tom-Chris Emewulu March 16, 2021 Industry data puts the savings from automated chargeback management 45% less than manual processes, but that’s not the full story. Before taking a deep dive into the merits of adopting automated chargeback management and how to go about it, let’s make a quick detour. Let’s examine why e-commerce merchants seemed … Continue reading What You Should Know About Automated Chargeback Management (and How It Works)
Tom-Chris Emewulu February 25, 2021 A chargeback is when a customer’s bank forces a reversal of a transaction payment to the merchant, and having excessive chargebacks can sink your business. Imagine that you have an idea of improving people’s lives. And you’ve worked your behind off in translating your vision into fantastic digital commerce. Your … Continue reading What is a Chargeback in Simple Terms, and How Can You Mitigate It Effectively?
Steven Imke August 26, 2020 When a business approaches a lending institution about debt financing, the lender conducts an evaluation of the borrower using a method known as the 5 C’s of Credit. Here is a quick explanation of each measurement. Character Is the business considered trustworthy and do they have a good record of … Continue reading The 5 “Cs” of Credit
3 Steps to Securing Your Business’s Online Transactions During the age of the novel coronavirus, you’re worried about your business’s economic health. You cannot afford to take a major loss from a scam such as card-not-present fraud. To avoid CNP fraud and take control of your financial stability, take the following steps today. Get Professional … Continue reading 3 Steps to Securing Your Business’s Online Transactions
David DeCorte — November 26, 2019 When I outlined the most commonly-asked questions about the Visa Claims Resolution initiative last September, I briefly touched on a tool called Visa Merchant Purchase Inquiry, or VMPI. This plugin enables banks and eCommerce merchants to quickly and easily resolve transaction disputes before they become chargebacks. As a merchant, … Continue reading Visa Merchant Purchase Inquiry: Everything You Need to Know About the Dispute Tool