Merchant Account And Identifying Their Root Cause For Chargebacks
Analysis is the best weapon a merchant can take out to identify the chargebacks. Chargebacks happen for a reason and that reason a merchant has to find out through his analytical skills. He should study the pattern whereas he should be strict in his hierarchy so that they can find it out in the best possible way. Chargebacks are found of eating merchants’ money and hence they need to be killed otherwise they can multiply like ticks and suck your money. Find Out The Main Root Cause. To prevent the chargebacks, one has to find out the root cause from it emerged. Let’s give a look: •Customer Support – Make sure you offer good customer services. This can reduce the chance of friendly fraud. Also, with good and efficient customer services, the trust of the customer also increases. • CreditCard Related Issues – Finally and most importantly, never complete a transaction without proper authorization, and check whether the card is valid or not. •Delivery I...