Chargeback Mitigation Services
Guarding against chargebacks and fraud is the best way to protect your payment processing accounts. While there is no way to eliminate chargebacks, there are ways to manage payment processing risk. Simply fighting a chargeback is not enough to keep chargebacks under control. Even if you win a chargeback, it remains on your processing history and figures into calculating your chargeback ratios.
Chargebacks can be legitimate if a merchant doesn’t provide products or services as represented. Far more often, fraud causes chargebacks. Criminal fraud is a problem, of course. Yet, “friendly fraud” is an even bigger issue, as buyers exploit loopholes in the chargeback process to attempt to avoid paying you for goods & services.