May 22, 2017 / by Merchant Stronghold / Chargeback Reduction, Chargebacks, Disputing Chargebacks / 7 comments
The Era of Technology Today, businesses are rapidly improving their working techniques by implementing the technology to their working process. Technologies is there for reaching customers across the globe. Keeping track of inventory and selling products. And, collecting payments via internet, solving queries of customers via mail, telephone or live chats. With many pros, this enhancement […]
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How Chargebacks Affect Merchants?
May 29, 2017 / by Merchant Stronghold / Chargebacks, Merchant Account, Online Payment Services, Online Processing, Payment Gateway / 1 comment
Are you new to the eCommerce business world or thinking about starting an online business? Or even contemplating expanding your existing business by opening an online store? If so, you must become familiar with the chargeback system. Just for the simple reason that unchallenged chargebacks have the potential to significantly reduce your profits from online […]
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The Importance of Cross-Checking the Authenticity of Online Credit Card Transactions
May 26, 2017 / by Merchant Stronghold / Credit card processors, E-commerce, Online Payment Services, Online Processing / 1 comment
As a result of advancements in technology, e-Commerce platforms exist that allow businesses to sell products and services globally. But, along with the positive aspects of selling online comes a negative factor. That has the potential to lead an online business down the road to disappointing growth and lost revenue. The issue of fraudulent online […]
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6 Things to Know Before Starting an eCommerce Website
May 24, 2017 / by Merchant Stronghold / Merchant Account, Merchant Services, Online Processing, Payment Gateway / 2 comments
With new eCommerce sites popping up every day, online shopping is becoming the easiest and most convenient way to purchase products and services. But, not all entrepreneurial ventures into the online market have been successful. The biggest contributor to eCommerce failure is lack of knowledge. While there are similarities between the traditional way of doing […]
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Duplicate Processing Chargeback
May 22, 2017 / by Merchant Stronghold / Chargeback Reduction, Chargebacks, Disputing Chargebacks / 7 comments
The Era of Technology Today, businesses are rapidly improving their working techniques by implementing the technology to their working process. Technologies is there for reaching customers across the globe. Keeping track of inventory and selling products. And, collecting payments via internet, solving queries of customers via mail, telephone or live chats. With many pros, this enhancement […]
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What is Friendly Fraud?
May 19, 2017 / by Merchant Stronghold / Chargebacks, High Risk Business, Merchant Account / 0 comments
Understanding the Friendly Fraud Card not present (CNP) credit and debit card transactions provide the perfect environment for what’s commonly referred to as friendly fraud. A CNP transaction as a payment card transaction where the cardholder does not or cannot physically present the card for a merchant’s visual examination. At the time of order delivery […]
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How retrieval process can avoid a potential transaction dispute
May 17, 2017 / by Merchant Stronghold / Chargebacks, Disputing Chargebacks / 0 comments
If you have pay or collect payments through the internet payment portals for the products or services, you must know that the people have rights to dispute or question any transaction. Any transaction that is from their card or account. How to avoid potential transaction dispute through retrieval process This dispute of transaction basically has two steps. […]
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Knowledge is the Key to Fighting Credit Card Transaction Disputes
May 15, 2017 / by Merchant Stronghold / Credit card processors, Online Payment Services, Online Processing / 1 comment
The decision to sell products online means learning new terminology, processes, and technology. Plus, the upside and downside of running an e-commerce business. One of the first things to develop is an intimate knowledge of the credit card processing system. Also the transaction dispute resolution. How it Works When a brick-and-mortar business accepts credit or […]
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Multiple Fraudulent Transactions Chargebacks
May 10, 2017 / by Merchant Stronghold / Chargebacks, Chargebacks Fraud / 1 comment
When credit cards transaction takes place without an intention of the cardholder, in this case, the merchant is kept completely responsible. As the bank allows giving the credit card to a customer. Issuing banks provide Chargeback protection for a customer if a customer has any problems regarding fraudulent transaction than a customer can file a […]
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Visa Reason Code 62
May 8, 2017 / by Merchant Stronghold / Chargebacks, Disputing Chargebacks, E-commerce, VISA / 0 comments
Credit cards can be replicated into fake and can cause loss of profits for a business! In this age where credit card payment is one of the safest ways to purchase things or collect money. Card payment is safest because it has a thin layer of protection for buyers and merchants. Where the banks and card brand […]
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Responding to Claims of “Service or Merchandise Not Received”
May 5, 2017 / by Merchant Stronghold / Chargebacks, Disputing Chargebacks / 3 comments
In this digital age, almost everything is available at our fingertips or just a few clicks away. And, there is no better example of this than the upward trend of ordering and paying for goods and services on the web. For online merchants, this ease of ordering comes with customer expectations to take delivery almost […]
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