INCREASE CHARGEBACK WIN RATES WITH REAL-TIME REPORTING
Chargebacks were originally set in place to protect the consumer. So when it comes to chargeback claims, the merchant is always considered guilty until proven innocent. Therefore, the ability to analyze transaction data and respond to chargeback dispute claims quickly is imperative to increasing your chargeback win rate.
KEEPING YOUR REPUTATION AS A BUSINESS MERCHANT IN GOOD STANDING
Too many chargeback claims against a business, whether successfully repealed or not, will harm the reputation of the business merchant. Excessive chargebacks can result in a freeze on merchant accounts and sometimes result in the complete termination of accounts altogether. In severe cases, excessive chargeback claims against a business merchant can even result in an investigation and the possibility of criminal charges being laid against the business. Not to mention the slew of chargeback fees and penalties, which if proven valid, are debited from the merchant’s account.
AVOID CHARGEBACKS, WIN MORE CLAIMS AND INCREASE REVENUE WITH CB HERO
Although potentially harmful for your business, chargebacks are an essential part of any modern-day business that accepts credit card payments. It is estimated true fraud, friendly fraud, and chargeback fraud will cost e-commerce merchants $6.7 billion this year, according to data from LexisNexis and eMarketer – with 71 percent of losses to fraud being the result of friendly fraud and chargeback fraud.
Give your business the best possible chance to successfully fight credit card chargebacks with real-time reporting, in-depth analysis and unmatched speed when responding to claims.
REQUEST A FREE PERSONALIZED DEMONSTRATION BELOW: