Chargeback on credit card and debit card, now a days a great threat to ecommerce business. As we know online shopping portals were exclusively designed to make shopping easy, with the facility to enjoy it sitting at home or anywhere you feel comfortable. Involvement of great technology has enabled shopping accessible worldwide on single click. And with payment gateway these company charge from the customer.
Recently, debit card charge back is a major problem that has obstructed the smooth functioning of ecommerce business. Not all the chargeback’s are fraud, some time there may be situation when the customer is not satisfied with the product rendered, there is also possibility of technical problem in bank server and so on, and in that situation there is no loss to the merchant, however, there is time kill that is crucial. But, now, people are using the chargeback for illegal usage, such as to make money by using the product from the merchant and then file chargeback to receive the money back, this is a havoc situation for merchant, as they are in total loss firstly their services is been used and then they have to pay also.
There are many online legal bodies that provide charge back settlement solution for both the customer and merchant. It is extremely distressing to receive fraudulent transaction on your credit card or debit card statement. Using advanced technology server can help you to trace whether the buyer is genuine or fraud. So whenever you are going to charge customers ask for the detailed information, as to distinguish from the real one. In many cases no chargeback gateway is under process, if the merchant is receiving bulk of chargeback cases.
There is need for the upgraded technology for the charge back prevention, so that merchant can fight with the fraudulent activity. With time technology is advancing, and it is always said that change or up gradation is the demand of time, so stay ahead of technology to beat fraudulent activity. Now enjoy a smooth run in your business with competent and reliable charge back solution. Stay up dated to get profit share in your business.
Recently, debit card charge back is a major problem that has obstructed the smooth functioning of ecommerce business. Not all the chargeback’s are fraud, some time there may be situation when the customer is not satisfied with the product rendered, there is also possibility of technical problem in bank server and so on, and in that situation there is no loss to the merchant, however, there is time kill that is crucial. But, now, people are using the chargeback for illegal usage, such as to make money by using the product from the merchant and then file chargeback to receive the money back, this is a havoc situation for merchant, as they are in total loss firstly their services is been used and then they have to pay also.
There are many online legal bodies that provide charge back settlement solution for both the customer and merchant. It is extremely distressing to receive fraudulent transaction on your credit card or debit card statement. Using advanced technology server can help you to trace whether the buyer is genuine or fraud. So whenever you are going to charge customers ask for the detailed information, as to distinguish from the real one. In many cases no chargeback gateway is under process, if the merchant is receiving bulk of chargeback cases.
There is need for the upgraded technology for the charge back prevention, so that merchant can fight with the fraudulent activity. With time technology is advancing, and it is always said that change or up gradation is the demand of time, so stay ahead of technology to beat fraudulent activity. Now enjoy a smooth run in your business with competent and reliable charge back solution. Stay up dated to get profit share in your business.
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