Table Of Contents
2B-What is a Chargeback?
3B-What is the Chargeback Process?
4B-The Costs of Chargebacks to Merchants
11B The Immediate Costs of Chargebacks
12B Merchant Account Fees and Problems
13B Chargeback Inevitability
5B-Preventing Chargebacks Prior to Sale
14B Offer a Quality Product
15B Offer a Clear Product Description
16B Offer an Anti-Fraud Statement
17BObtain a Good Merchant Account
18B Create a System for Handling Chargebacks
19B Maintain Records Properly
20B Provide a Telephone Number
21B Scrutinize Sales
22B Beware of Free Email Accounts
23B Beware of Some International Orders
24B Beware of Unusual Orders
25B Follow-up on Scrutinized Orders
6B-Preventing Chargebacks at the Point of Sale
26B Tell Customers Who will do the Billing
27B Provide a Good Receipt
28B Collect CVV2 Codes
29B Collect Customer Telephone Numbers
30B Use an AVS System
7B-Preventing Chargebacks After the Sale
31B Provide Status Updates
32B Handle Customer Interactions with Chargebacks in Mind
34B Refund when Necessary
8B-Other Chargeback Solutions
35B SET and Similar Offerings
36B Signature Collection Services
37B Chargeback Advocates
9B-Other Causes of Chargebacks
38B Information Requests
39B Cardholder Disputes Placing Order
40B Transaction was Processed Repeatedly
41B Failure to Render Services
42B Refund not Processed
43B Invalid Account Number
44B Transaction not Processed Timely
10B-Simple Billing Error
Sample Content Preview
John Acme is an online merchant. Through his websites he sells widgets to the public. With a merchant account and a credit card processor, John is able to offer potential customers an easy way by which they can order his widgets. His business is new, but he is seeing a regular profit that allows him to meet his living expenses.
One day, John opens his mail and finds a letter labeled “Retrieval Notice” from the provider of his merchant account. The notice references a specific transaction and requests a copy of the sales documentation. Acme finds this odd, as the transaction had seemed to go off without a hitch when it was processed weeks before.
John Acme may not yet realize it, but he is looking at a potentially costly situation. He has already sent the widgets to his buyer and has already accepted the payment he received. His response to the retrieval notice will determine whether or not he will be allowed to “keep” the sale at all. If he fails to provide the proper documentation, he may receive a chargeback. The money he earned will be deducted from his merchant account and he may very well never see the widgets he already shipped again.
If John is able to provide important information, he may be able to prevail. However, the proverbial deck is stacked against him. Merchants are assumed to be “in the wrong” whenever a customer requests a chargeback. If John’s efforts fall short of what is required, he will lose the chargeback argument and find himself charged additional fees on top of losing the sale.
What does John need to show the merchant account provider in order to protect himself? What kinds of information are valuable in these circumstances? What kind of things can online merchants like John do in order to prevent situations like this from happening again and again?
This report attempts to provide answers to these questions. Chargebacks are a potentially devastating force for any online merchant and must be treated seriously. Chargebacks and the fraud that is often their precursor are regular events in the world of online sales and they pose a huge risk to merchants of all types.Other Details
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- Year Released/Circulated: 2010
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