Shift4’s Post

So true! 😂 #pspangels #movingmoney #movingmoneybook #banking #banks #payments #paymentsolutions #paymentconsulting #paymentconsultants #onlinepayments #PaymentChallenges

😧 Chargebacks: a never-ending nightmare for merchants? Whether they’re caused by genuine requests, malicious fraud or technical issues, they can cost you a lot of money and even damage your reputation. 🛟 Fortunately, there are many things you can do to reduce this problem, such as: 👉️ Capture customer verification information, utilise authentication services 👉️ Use recognisable payment descriptors 👉️ Implement effective customer service 👉️ Send order reminders But above all, make sure you’re using a payment provider that can help you set up a solid chargeback management strategy. Find out more about chargebacks and how to prevent them here: https://hubs.la/Q01Y7Gs90 #paymentmethods #riskmanagement #fraudmanagement #onlinepayments #fraudprotection #merchantservices

No matter the industry, no merchant can evade the dreaded chargeback. At least not completely. Luckily, there are ways to reduce your losses. In this guide, we teach you some insider tips and strategies for managing disputes effectively. Learn more: https://bit.ly/3Jpqvv6

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

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

A manual credit card transaction, where account information is keyed in by hand, is known as a “keyed transaction." This article explains how this process has a slightly higher risk because of unauthorized use or fraud due to manual entry. https://lnkd.in/etsFtuFN

💼 When it comes to payment disputes and chargebacks, navigating the digital landscape can feel like a daunting task. So, let's demystify this! 1. Understand the Cause: Chargebacks occur when a customer disputes a charge on their account. Know the reason - it could be fraudulent activity, dissatisfaction with a product/service, or an error in transaction. 2. Employ Effective Tools: Utilize chargeback protection software and follow the best practices to counter fraudulent activities. 3. Educate Your Customers: Clear communication with your customers regarding transactions can save a lot of hassle later. 4. Analyze and Learn: Regular analysis of chargeback causes can offer valuable insights to lower their occurrence. Remember, prevention always trumps cure, especially in the financial world. What are your top tips to manage chargebacks effectively? #Chargebacks #PaymentDisputes #FraudPreventio

A manual credit card transaction, where account information is keyed in by hand, is known as a “keyed transaction." This article explains how this process has a slightly higher risk because of unauthorized use or fraud due to manual entry. https://lnkd.in/e3vn5Uj9

🛡️ Protect your business with Backup Merchant Accounts! 🛡️ Are chargebacks and fraudulent payments causing headaches for your business? We've got you covered! Our Backup Merchant Accounts provide a seamless solution to accept payments while guiding you through challenges like chargebacks and fraudulent transactions. ✅ Zero setup and monthly fees ✅ No Agreement hassle ✅ Free Verification Tool included Drop a comment below or send us a message to learn more! #MerchantAccounts #FraudProtection #ChargebackSolutions #SecurePayments #BusinessProtection

Explore the intricate web of merchant liability in the wake of fraud! 💳 Merchants are frequently left holding the bag for fraudulent transactions. Not only do they face the burden of refunding the cardholder, but they also receive the bill from the issuer afterward. This leaves them not only out the cost of the merchandise itself but also saddled with additional expenses such as taxes and shipping fees. Learn how to navigate these challenges and keep your business safe against the financial repercussions of fraud. Find out more: https://hubs.li/Q02tZlWJ0 #MerchantLiability | #FraudPrevention | #BusinessSecurity