It’s pretty clear to most merchants that the pandemic has caused disruptions not only in the health care system, but in the economy as well. More specifically, this new normal has created a breeding ground for increased instances of friendly fraud, which have been undoubtedly hurting the chargeback ratios of many merchants. Chargebacks are expensive, and …
Continue reading “Is Your Chargeback Strategy Intelligence Driven?”
It’s no secret that the public perception of cannabis has become more favorable in recent years. Cannabis is no longer considered just to be a plant where marijuana can be derived from to smoke, as it has become a source of curiosity in the scientific community about its purported health benefits. In 2015, legislation was …
If you’re familiar in any way with eCommerce, which considering that you’re reading this you probably are, you’re probably aware of the tendency for shoppers to abandon their carts, often leaving for various reasons such as shopping on competitors sites and bad reviews. Abandoned carts are common in the eCommerce world, about 70% of carts …
Continue reading “Checkout Abandonment: Causes and solutions explained”
It’s not uncommon for new start-ups and established merchants alike to require loans, insurance and investments. Traditionally, this financial risk has been handled by institutions that have the ability to do underwriting, a term that was developed from the act of each risk taker writing their names on a piece of paper, under the amount …
Continue reading “What is Automated Underwriting, and why should you care?”
How to create an effective chargeback representment case So now that we’ve gone over why you should re-present, and how the process works, let’s go over the basics of creating an effective case. Yes there are several ways to go about this, but the steps you take matter when dealing with unwarranted chargebacks. The first …
Why you should get a high risk merchant account Considering that you’ve read this far, it’s very likely that you think your business is indeed a high risk merchant, and that you probably need a high risk account to go with it. Now that we know a bit more about this type of account, and …
Continue reading “High Risk Merchant Accounts: What are they, and should you get one? Part 2”
