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What are Friendly Fraud and Chargebacks and How to Prevent Them?

So, your merchants came back to you to ask why their estimated profits are steadily declining. Why their actual profits are way lesser than their projections?

Before suggesting the next steps, you check their account statement to realize that a couple of their customers have filed chargebacks against their deliveries. You come to the conclusion..

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Getting Started With Online Donation Stations for Non-Profit Charitable Organizations
Modern payment technologies have transformed various industries for the better. They help streamline and automate...
The Truth About Payment Gateways: How to Choose Your Payments Provider
In order to survive in the digital age, businesses across all industries need to not only have a strong online...
How to Collect Medical Bills If a Customer’s Card is Not Present?
The dependence on digital payment technologies increased significantly in the post-COVID era. Recent studies by the...
5 Things To Know About IVR Call Centers for Healthcare Operations
"But why should you invest your hard-earned money in IVR technologies? Don't people prefer talking to people?"
4 Latest Developments in Healthcare Payment Processing Solutions
COVID pushed the healthcare industry to its limits in the last two years. The Commonwealth Fund publication shows how ...
How Do Credit and Debit Card Swipe Fees Work?
When we talk about credit cards online, we primarily encounter two schools of thought. 
What are Friendly Fraud and Chargebacks and How to Prevent Them?
So, your merchants came back to you to ask why their estimated profits are steadily declining. Why their actual profits...
10 Steps of Adopting Enterprise Risk Management for Payment Security
Today, if you search for “Cybersecurity” on Google, you will see about 723,000,000 results within 0.5 seconds. 723...

Suggested Blogs

Important Check 21 Return Codes (With Details)
Important Check 21 Return Codes (With Details)
“Here is your PRD printout with the check 21 return code. We are sorry we need to halt this check processing,” the teller...
Pending ACH Transaction? Here’s what to do!
Pending ACH Transaction? Here’s what to do!
“What is this? A pending ACH transaction? What does it even mean? Why can’t I access the funds right now! Does this mean...
ABCs of Third-Party Service Providers and Nested Third-Party Senders
ABCs of Third-Party Service Providers and Nested Third-Party Senders
In the previous blog, we discussed the roles and responsibilities of a third-party sender. We understood how funds flow...
Complete List of ACH Notification of Change (NOC) Codes
Complete List of ACH Notification of Change (NOC) Codes
“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore, this time I got your back....
5 Tips to Prevent Returned Mobile ACH Payments
5 Tips to Prevent Returned Mobile ACH Payments
“Are you kidding me? Another returned mobile ACH payments notification? I am so sick of these notifications! I don’t even...
What is FedNow, and How Does it Help You?
What is FedNow, and How Does it Help You?
To say that we expect a spike in the adoption of real-time payments in the future, is a gross understatement. Latest studies
What are P2P ACH Transactions?
What are P2P ACH Transactions?
The world of P2P ACH transactions is expanding to a whole different level. The year-on-year growth for the use of ACH...
What are Friendly Fraud and Chargebacks and How to Prevent Them?
What are Friendly Fraud and Chargebacks and How to Prevent Them?
So, your merchants came back to you to ask why their estimated profits are steadily declining. Why their actual profits are...
Everything You Need to Know About ISO20022 – Fintech News
Everything You Need to Know About ISO20022 – Fintech News
The need for faster payment systems is growing by the day. Studies by the Clearing House (THC) discuss how real-time...
How Channel Sales Partners Help Merchants Adopt Real-Time Payments?
How Channel Sales Partners Help Merchants Adopt Real-Time Payments?
The global real-time payments (RTP) market has outgrown expectations in the last three years. COVID-19, unemployment, and...

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Most Popular on Community Hub

Pending ACH Transaction? Here’s what to do!
Pending ACH Transaction? Here’s what to do!
“What is this? A pending ACH transaction? What does it even mean? Why can’t I access the funds...
ABCs of Third-Party Service Providers and Nested Third-Party Senders
ABCs of Third-Party Service Providers and Nested Third-Party Senders
In the previous blog, we discussed the roles and responsibilities of a third-party sender. We...
Complete List of ACH Notification of Change (NOC) Codes
Complete List of ACH Notification of Change (NOC) Codes
“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore,...