Riskified’s Post

CHARGEBACK CHALLENGES FOR #TRAVEL #MERCHANTS AND WHAT TO DO ABOUT THEM Riskified partnered with industry advisors Paladin Fraud to interview more than 300 merchants worldwide. Here we're sharing our analysis of the results specific to travel merchants, including: * The size of the chargeback challenge in the travel industry * How travel merchants manage chargebacks today * The biggest pain points in travel chargeback management * Four ways travel merchants can improve chargeback management #payments #travelpayments #fraud #chargeback

Studies have shown that simple and convenient guest checkouts can impact whether or not customers choose to shop with a particular merchant again. Improvements like one-click payments to linked #DebitCards or #CreditCards can make a difference. https://lnkd.in/d5sdSMQR

Credit card processing is confusing and expensive, but it doesn’t have to be. Merchant Advocate is proud to provide transparency in an often-deceptive industry. They have saved businesses more than $300 million in excess fees, all without switching processors! Learn more about who is taking a cut of your revenue—and how Merchant Advocate can help—in this quick video. WATCH: https://lnkd.in/ggQNapDN

Travel now, pay later with 18 months no payments & no interest* on travel purchases $499 & over with Q Card or Q Mastercard. Get in quick as this offer ends 24 March 2024! ✈️ *T&Cs. Min Spend $499. $50 annual account Fee applies, $55 Establishment Fee applies to your first LTF transaction, $35 Advance Fee applies to subsequent LTF transactions. At end of interest free period, Q Mastercard Expired Promotional Rate or Q Card Standard Interest Rate of 27.99% p.a. applies. A 3.5% merchant fee applies. https://lnkd.in/e8eEXE_r

Travel now, pay later with 18 months no payments & no interest* on travel purchases $499 & over with Q Card or Q Mastercard. Get in quick as this offer ends 24 March 2024! ✈️ *T&Cs. Min Spend $499. $50 annual account Fee applies, $55 Establishment Fee applies to your first LTF transaction, $35 Advance Fee applies to subsequent LTF transactions. At end of interest free period, Q Mastercard Expired Promotional Rate or Q Card Standard Interest Rate of 27.99% p.a. applies. A 3.5% merchant fee applies. https://lnkd.in/e8eEXE_r

The United States has the highest swipe fees in the world! Small businesses like independent hotels are being crushed by inflationary “swipe fees.” Injecting free-market competition into the processing arena is one strategy that will keep costs reasonable. Families end up paying $1,024 more yearly thanks to these invisible fees. The Credit Card Competition Act enables competition who have one-eighth the Visa and Mastercard fraud rate. Plus, the bill proactively bars foreign, state-owned, or controlled networks like China UnionPay. American Businesses and Families paid $160B+ in Swipe Fees in 2023. Read More: https://lnkd.in/gp92uut7 #innovation #finance #technology #swipefees

Acceptance rates can stall when issues aren’t addressed. Dive into our insider’s guide crafted by payment experts to fix costly errors in your payment flow. Download now to ramp up checkout conversions, rescue failed payments, and drive up your revenue 💡 https://lnkd.in/g4GNU55t

Travel now, pay later with 18 months no payments & no interest* on travel purchases $499 & over with Q Card or Q Mastercard. Get in quick as this offer ends 24 March 2024! ✈️ *T&Cs. Min Spend $499. $50 annual account Fee applies, $55 Establishment Fee applies to your first LTF transaction, $35 Advance Fee applies to subsequent LTF transactions. At end of interest free period, Q Mastercard Expired Promotional Rate or Q Card Standard Interest Rate of 27.99% p.a. applies. A 3.5% merchant fee applies. https://lnkd.in/gRAU7KpZ

🏝️ It can be difficult for travel agencies to choose a payment services provider. The credit card processing industry generally categorizes travel agents as high risk because most transactions occur long before the actual product or service is delivered to the customer. This time lag leaves travel merchants open to chargebacks and other payment disputes. As such, many payment service providers keep travel businesses in another time zone, at a vast distance, far, far away. At Card Payment Systems, we not only accept such travel businesses; we welcome them as our own. Due to our ability to underwrite our accounts, we can implement risk that leaves our competition jet-lagged and struggling to understand the native dialect. Toll Free - 888-971-9471 Office - 212-971-9444 cardpaymentsystems.com #merchantsolutions #creditcard #mobilepaymentprocessing #paymentsystem #cardprocessing #savemoney #pointofsale #wirelessterminals #virtualterminal

Understanding this specific reason code is crucial for merchants to effectively navigate the chargeback landscape. In our latest article, we dissect the intricacies of C18, explaining why these chargebacks occur and how they impact businesses. From missed appointments to canceled car deposits, we explore the common scenarios that trigger this code and provide actionable insights on how merchants can mitigate the risks associated with it. Read our latest blog at the link below! 👇 Click here: https://lnkd.in/ekd99hJk #ChargebackReasonCodes | #EcommerceTips | #AMEX