Chargeback Protection Services
Guarding against chargebacks and fraud is the best way to protect your payment processing accounts. Simply fighting a chargeback is not enough to keep chargebacks under control. While there is no way to completely eliminate chargebacks, there are effective methods to prevent them from affecting your business operations.
The most common reason for chargebacks is fraud. Three are two types of fraud:
- Cybercrime where fraudsters target your site.
- What is known as “friendly fraud” is a bigger concern. With friendly fraud, buyers exploit loopholes in the chargeback process to attempt to avoid paying you for goods & services.