To prevent chargebacks, half the battle lies in a clear billing descriptor. I’m going to guess that the payment processor that handles transactions for our local school food service program has a bit of trouble with chargebacks. They’re a big name in the payment processing industry, which left me puzzled after checking my bank statement.…
Tag: prevent chargebacks
Using Online Transaction Receipts to Help Prevent Chargebacks
When you run an online business and process card-not-present transactions, it’s all too simple to build up a high chargeback ratio–if you are not cautious, that is. A high chargeback ratio can result in a significant revenue loss (chargeback fees as well as losing the approved funds from the original purchase) and may even result…