Accepting on-line donations is quickly becoming required for churches and ministries in order to remain relevant to their constituents. Accepting electronic payments for donations, merchandise, or events can open the door to other issues such as chargebacks. Here are a few practical things you can do to alleviate potential chargebacks. […]
Tag: Chargebacks
The Basics: Credit Card Rates and Fees
Many fees can be imposed on a merchant based on a various rules and regulations created by the Card Associations. It is from these fees, that the Merchant Services Provider, Processor, Issuing Bank, and Card Associations all take portions for their services. This blog will walk you through […]
Reducing Fraud: Card Not Present Fraud Prevention
Card not present (CNP) fraud has continued to increase as more and more business is being conducted in an e-commerce environment. According to Cardhub, “Credit card and debit card fraud resulted in losses amounting to $11.27 billion during 2012.” It goes on to state that, “merchant losses mainly occur […]
Chargebacks: Why am I not protected?
Before addressing this exasperating question, let me first provide more information regarding why chargebacks exist. Chargebacks are designed to protect the consumer, not the merchant. They are to uphold the integrity of the payment card industry. With so many breaches occurring, such as the recent Target breach, consumers […]