A provisional credit is a temporary credit extended to a bank account holder while a disputed transaction is under investigation. This initial credit ensures that the account holder retains access to their funds during the dispute resolution process.
For years, Visa has maintained strict limits on the number of fraud and chargebacks that a merchant may receive. Now, though, with the introduction of the Visa Acquirer Monitoring Program, the card network is overhauling their approach.
When you think of April 15, the first thing that comes to mind is probably taxes, right? Well this year, that day means a lot more than rushing to get your forms in the mail by midnight.
With the value of Bitcoin, Ethereum, Ripple, and other cryptocurrencies skyrocketing in late 2017, you might be curious about the prospect of accepting these coins in your store.
We know that most chargebacks are the result of friendly fraud. More than 80% of all chargebacks are traceable back to friendly fraud in one way or another.
Following the Equifax breach in September 2017, everyone wants to know more about a specific hot-button topic: synthetic identity theft.
What is this form of online identity fraud,
Fighting a chargeback that you believe was filed without proper justification? As a merchant, you’ll need to prove that the original transaction was valid.
You’re standing in line at the grocery store with your 12-Items-or-Less. The person ahead of you is arguing with the cashier, so you look away. Something bright and sparkly catches your eye:
‘Watermelon-rhubarb bubble gum’?
The lack of positive identification is a major obstacle for card-not-present merchants. It’s even more complicated when an unauthorized purchase isn’t made by a fraudster, resulting in a family fraud chargeback.
No merchant likes chargebacks.
Each chargeback has a profound effect on the merchant’s profit margin, robbing them of their revenue, reputation and long-term sustainability.