5 ways to reduce chargebacks
- 8월 23, 2017
- by
5 ways to reduce chargebacks
There are many types of chargebacks.
Crime Scam - When Buying with a Stolen Card
Merchant error - Merchant has a clerical error, such as a duplicate or incorrect charge
Service Failure - If the company has a poor return policy procedure, Misrepresentation of a product or service that is not fully provided for customer satisfaction
Fraudulent fraud - If a customer feels the remorse of a buyer's conscience, You are not aware of the charges on your bill due to currency differences.
Understanding the chargeback reason may prevent the seller from refusing future charges.
Follow these five steps to reduce chargebacks and mitigate concerns.
1. Fraud prevention filter implementation
2. Use clear and correctly formatted statement descriptors
3. Application / consulting of risk rules
4. Use your tracking number and compare shipping / billing address
5. Keep flexible refund policy and easy process
Paysafe can support chargeback management processes and other best practices.
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