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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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Online Payment Processing for Small Manufacturing Business Owners: Achieving Efficiency and Security with ACH
Businesses in the manufacturing sector have increased over the past few years. According to industry statistics, there...
Helpful Tips That Will Help Property Management Companies Grow in 2023
The property management industry has been uncertain over the past two years. Apart from pandemic-related issues,...
Post-Pandemic Payment Trends That Are Most Likely Here To Stay
The COVID-19 pandemic was one of the most disastrous global calamities of the century. It was inevitable for businesses...
Best Channel Partner Programs for Payments Processing
The “your network is your net worth” narrative makes more sense in the modern-day B2B world. Partner programs have...
Our Favorite List of Tricks Insurtech Companies Use to Win Big Deals
Insurtech companies create software and platforms for insurance companies. They are modern-day fintech (financial...
Best Channel Partner Programs That Help HealthTechs Win Multimillion Dollar Deals
Digitization in the healthcare industry has increased rapidly in the past few years. According to statistics, the...
How Do B2B Technology Partnerships Help Insurance Software Providers Win Big Deals?
According to a report by Technavio, the insurance software market will grow by $7.29 billion by 2025 at a Compound...
A Guide on SaaS Payments Partnership for HOA Software Vendors
The world of technology and property management is converging rapidly. HOAs, property managers, and landlords are more...

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...
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...
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...
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....
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...
List of 20 ACH Payment Gateway (SEC) Codes for Banks
List of 20 ACH Payment Gateway (SEC) Codes for Banks
In the previous blog on ACH Payment Gateway SEC Codes, we answered the following questions: What are ACH Standard Entry...
Rejected ACH Transaction? Here’s What to Do!
Rejected ACH Transaction? Here’s What to Do!
A rejected ACH transaction is common for business owners who process hundreds of transfers every day. Understanding why a...
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...
Popular ACH Standard Entry Class Codes You Should Know
Popular ACH Standard Entry Class Codes You Should Know
Efficiency. Efficiency is one of the most critical things that the global financial system has mastered over the last...
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

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Most Popular on Community Hub

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...
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...
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,...