Chatsworth, CA (August 3, 2022) – Chargebacks happen when a cardholder rejects a charge that was made to their account, as shown to the right. According to experts, up to 80% of chargebacks that happen involve fraud. Get more info about chargeback protections
Allowing chargebacks to increase is one of the few existential threats for a digital merchant given that only 14% of cardholders get in touch with the merchant before filing a chargeback and that payment processors and card networks have a decreasingly high threshold for chargebacks before imposing fines and withholding reserves.
The expert at Premier One Payments, ‘We have faith in the efficiency of our systems. We have faith in the businesses we deal with too, at the very least, deliver on their promises. A prime example of abusing an honor system for personal gain is chargeback fraud. Any attempt to undermine an honor code is a vote against it. We don’t want criminals to decide when we may receive the standard of service we demand. As a result, it undermines the entire financial system by violating the implicit confidence of the credit system by scamming banks. This is why one should have a chargeback prevention solution in place and Premier One Payments can help with this!’
It is recommended to use chargeback protection services to react instantly to chargeback notifications and dispute inquiries. Premier One Payments’ chargeback protection shields against both unintentional and planned friendly fraud.
ABOUT PREMIER ONE PAYMENTS: The payment processing services provided by Premier One are used by businesses of all kinds, from little local startups to enormous multinational conglomerates. By lowering transaction costs through daily account surveillance, the implementation of risk and reversal administrative tasks, and the activation of other productivity tools, the company specializes in supporting clients in industries with high chargeback risks. Additionally, its low cost was designed to help you keep a competitive advantage in the market.
To know more, visit- https://www.premieronepayments.com/chargeback-protection-services/
Media Contact:
Premier One Payments
Chatsworth, CA
Phone: (888) 236-0272
Email: info@premieronepayments.com
###
