Chargeback Management

What are Chargebacks ? The chargebacks are disputed transactions, which take place between a merchant and a customer. A chargeback is security, provided to consumers to protect them from unauthorized transactions. A chargeback happens when a cardholder calls his card issuer to dispute a charge on his account. If your customer files a dispute, you’ll get a notice from your acquiring bank that a chargeback is pending. You can either accept it or request it. When a chargeback is received, you will get a chargeback reason code from the issuing the bank that gives a reason for the dispute. How To Manage Chargebacks Some of the preventive measures to manage chargebacks are: • Case Understanding: There should be a proper method to understand the case and strategize to eliminate it in the future. • Merchant Error And Elimination: The merchant error is the biggest culprit in this situation because, if a chargeback has occurred due to the merchant’s error, th...

Sit back and relax merchants now chargebacks won’t bother you much. Chargebacks need to be managed very patiently, hence they need proper maintenance and that’s surly possible with chargeback expertz. Chargeback expertz not only give a repair to the chargebacks but also gives the maintenance to the mishaps occurred. What are chargebacks? A chargeback happens when a cardholder calls his card issuer to dispute a charge on his account. If your customer files a dispute, you’ll get a notice from your acquiring bank that a chargeback is pending. You can either accept it or request it. How To Figure Out Chargebacks!! Step 1: Identify the Source. When a cardholder files a chargeback, the issuer attaches a reason code to the transaction. Step 2: Engage in Tactical Representment. Step 3: Prevent Future Chargebacks. Step 4: Get Long-Term Assistance From Professional Service Provider. Why do we need to manage chargebacks? When a dispute is made, the ...