Chargeback Basics You Should Know
Article by Pierre Zaroian.
There are many things that you will need to learn about your new merchant account which is beneficial to keeping things running smoothly. One of the worst things that can happen is a chargeback. This is basically what happens when a client chooses to contact their debit or credit card company to report unauthorized transactions or those that they do not recognize which will cause a charge to appear on your statement.
Fortunately there are ways to protect your merchant account against false chargebacks by using a company that will work to verify the purchase and have the ability to offer you a receipt showing that it was indeed a planned purchase. This will help to protect your company and your money.
Many companies that have merchant accounts that tend to get several chargebacks are often terminated or black listed due to the negative issues that revolve around their account. Fortunately companies such as Solidtrustpay.com and other similar companies offer a no refund policy which means you will not have any chargebacks. You should choose to use a company that can offer you a receipt as that any purchases have been verified which takes about 24 hours. Most companies will charge a fee for members trying to do a chargeback and will be terminated to prevent any future problems. If you are looking for a reputable company that will help to protect your merchant account always use a reputable company which is recommended by previous and current users.
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