Viktoria Soltesz’s Post

Some processors choose to go the lazy way and just add a bunch of hidden (often ridiculous) fees on their merchants’ invoice. I’m talking fees like: - Statement fees - Monthly minimum fees - Withdrawal fees - Batch fees The list could go on and on. What winning processors do instead is that they try to become more valuable to their merchants by offering additional complimentary services (like fraud protection, chargeback management, etc…) that help merchants make or save more money The funny thing is, complementary products will do ***way*** more for your bottom line than sneaky fees

How to successfully dispute chargebacks. 🛡️ Chargebacks are a protection for customers but come with costs for merchants. High chargeback rates mean higher penalties, especially with fraudulent claims. Reducing chargebacks is vital, but when unavoidable, the representment process is crucial. Visit our blog to read our guide on navigating this complex process: https://bit.ly/4bpZXVX

Attention Merchants! Are you familiar with the ticking clock of chargeback time limits? ⏳ Our latest article breaks down everything you need to know to protect your business from the risks of chargebacks. From understanding the window of opportunity to disputing fraudulent claims, we've got you covered! Read more here: https://lnkd.in/eUu-ekzt #ChargebackProtection | #BusinessSecurity | #StayInformed

OD GIVES YOU THE POWER TO CONTEST CHARGEBACKS AND PENALTIES. If you ship to national retailers, chargebacks and penalties may have become an unavoidable cost of doing business. OD works with customers daily to help reduce and eliminate these costs through exceptional service, Must Arrive By Date (MABD) service options, and, now, our new Chargeback Research Tool. OD puts the information and shipment data you need to contest and reverse undeserved chargebacks and penalties at your fingertips.

💡This table includes a list of all credit card error codes and exactly what they mean. https://lnkd.in/eXvWuNz5 This is a public post, it is a table, so you need to visit the link!

Refund scams occur when criminals target business’s card payment terminals to change transactions from sales to refunds. Learn how to spot Refund Scams at https://zurl.co/fWYG #take5 #scamaware #bankonwave

Refund scams occur when criminals target business’s card payment terminals to change transactions from sales to refunds. Learn how to spot Refund Scams at https://zurl.co/fWYG #take5 #scamaware #bankonwave

Here are some tips for using a high-risk merchant account responsibly to reduce the chances of it being shut down: https://zurl.co/P667 Monitor account activity: Watch for suspicious transactions Address any processor inquiries promptly

Ever noticed the number of payments people who labor under the mistaken belief that the card networks’ rules are “the law”? It seems particularly true with respect to merchant surcharges. Frankly, the networks’ attempts to legislate specific limits on how much merchants can surcharge defies logic and usurps merchants’ rights to run their own businesses. Limiting merchants to 3 or 4% when the merchants’ total cost of acceptance of fraudprone, overpriced credit cards is likely double the bogus limits imposed by network rules.

Worried your online transactions are at risk of chargebacks? Use this: Dynamic Authentication: Implementing advanced authentication methods can significantly reduce fraudulent transactions and, consequently, chargeback rates. A great way to safeguard your business and enhance customer trust. Try this on your next transaction processing review. Any questions or experiences to share on tackling chargebacks effectively? #ChargebackPrevention #FraudPrevention #PaymentSecurity