BAMS
  •   866-510-2267
  • Request Quote
  •  
  • Merchant Login
  • Request Quote
  • Merchant Login
  • Price Comparison
  • Solutions
    • Payment Gateways
    • Next Day Funding
    • Integrations
    • Chargeback Defense
    • EMV
    • Level 3 Processing
    • Reporting & Analytics
    • Funding
    • Gift & Loyalty
    • PCI Compliance
    • OptBlue
    • Apple Pay
    • Competitive Price Guarantee
  • Industries
    • E-Commerce
    • Restaurants
    • Retailers
    • Hospitality
    • B2B
    • Non-Profit
    • Salons
    • Healthcare
    • Auto Repair
    • Mail Order
    • Supermarket
    • Mobile Payments
    • Bookkeepers
    • Business Owners
    • Developers
    • Affiliates
  • About Us
  • Blog
  •   866-510-2267
closeup of businessman working on financial spreadsheet on laptop rearview

Does Your Payment Processing Tool Protect You from Chargebacks?

  1. Home Page
  2. Blog
  3. Business Tips
  4. Does Your Payment Processing Tool Protect You from Chargebacks?
June 26, 2018

Whenever a user dispute a credit card charge they find in their credit card history, one of the provider’s first steps is to demand that the retailer returns the value of the charge – this means chargebacks. They protect consumers from fraudulent charges, but they can also be extremely costly to the merchant.

How can chargebacks hurt your business?

Even when the chargebacks are limited purely to potential credit card fraud, they can hurt your company’s bottom line. The revenue from a sale goes back to the consumer, and each chargeback usually has an associated fee. Having too many chargebacks can get your merchant account frozen, your company blacklisted, and your company fined.

Less straightforward incidents of chargebacks, like friendly fraud, can be even more damaging to your revenue and your company’s reputation.

What tools do you need to reduce the damage of chargebacks?

Get instant alerts so you can respond.

Chargeback alerts often come in the mail. Delays are bad for business. Text messages give you more opportunity to straighten out the dispute. Text messages can also be integrated with other automatic process tools so the alert becomes a case in the appropriate employee’s workflow.

Export your records to Excel.

It’s not just individual accounts of chargebacks that need your attention. Keep a living history of all the chargebacks issued to your company. Even if you don’t use the document to maintain a status report, you can use the report to know when your company is in danger of triggering fines, an audit, or the termination language with your payment processor.

Respond through an online interface.

Responding through faxes and letters is cumbersome. It also increases the risk of delays and the chance you won’t respond within the appropriate window of time. But an online management tool lets you respond immediately, keep track of responses, and organize the dispute.

Contact us to find these and other tools for your company’s payment processing.

<< Previous
Next >>

RECENT POSTS

  • What is a Payment Gateway?
  • How to Use TOAST POS: Getting Your Restaurant Setup
  • New Trends in EMV Payments
  • How Advanced Merchant Reporting Can Improve Business Intelligence
  • How Next Day Funding Helps Merchants Eliminate the Waiting Game

CATEGORIES

  • BAMS Blog
  • Business Tips
  • Chargeback Prevention
  • E-Commerce
  • EMV Chip Card Acceptance
  • Fraud Prevention
  • Gift Cards
  • Loyalty Cards
  • Merchant Services
  • Next Day Funding
  • NYC merchant services
  • Online Payments
  • Success Stories

SIMILAR POSTS

What Are Arbitration Fees

What Are Pre Arbitration Fees and How Are They Assessed?

January 29, 2021

Read moreWhat Are Pre Arbitration Fees and How Are They Assessed?
Get your Business Money Faster with Next Day Funding

Get your Business Money Faster with Next Day Funding

September 22, 2021

Read moreGet your Business Money Faster with Next Day Funding
What is a Payment Gateway?

What is a Payment Gateway?

June 22, 2022

Read moreWhat is a Payment Gateway?
Request Quote

Merchant Login

iris logo

Forgot your password?
What is IRIS CRM?

Get Transparent eCommerce Merchant Services






    0 - $5,000$5,001 - $100,000$100,000+

    Affiliates







      Get Transparent eCommerce Merchant Services







          Call Us

        • Toll Free:  866-510-2267
        • Local:       718-412-3455

          Email Us

        • General Customer Support:
          support@bams.com

          Our Location

        413 86th Street
        2nd Floor
        Brooklyn, NY 11209

        Price Comparison

        • Price Comparison
        • Request Quote

        Solutions

        • Payment Gateways
        • Next Day Funding
        • Integrations
        • Chargeback Defense
        • EMV
        • Level 3 Processing
        • Reporting & Analytics
        • Funding
        • Gift & Loyalty
        • PCI Compliance
        • OptBlue
        • Apple Pay
        • Competitive Price Guarantee

        Industries

        • E-Commerce
        • Restaurants
        • Retailers
        • Hospitality
        • B2B
        • Non-Profit
        • Salons
        • Healthcare
        • Auto Repair
        • Mail Order
        • Supermarket
        • Mobile Payments
        • Bookkeepers
        • Business Owners
        • Developers
        • Affiliates

        Site Links

        • Home
        • Privacy Policy
        • About Us

        Integrations

        • Authorize.Net
        • Magento
        • CyberSource
        • BigCommerce
        • WooCommerce
        • Volusion

        BAMS Competitive Price Guarantee
        BBB Rating A+
        Goldman Sachs 10,000 small businesses
        Inc. 5000
        Authorize.Net Preferred Reseller

        BAMS Holdings Group, LLC is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA.
        BAMS Holdings Group LLC is a registered ISO/MSP of Merrick Bank, South Jordan, UT.