When it comes to the merchant they deal with the worst and many
types of chargebacks. Chargebacks are the ones in which a merchant is always afraid
of having it in the pocket. This could cause potential damage to the overall
revenue of the organization.
Not to forget that the Visa, MasterCard, American Express, and
Discover networks have a different set of reason codes to manage excessive
chargeback caused due to their cards.
Chargeback Expertz will provide you with the proper guidance for
all kinds of chargeback related queries and problems.
Transaction Frauds
A most common chargeback is transaction fraud. In such a case,
the merchant is stated completely responsible to carry on a transaction when
the card was not present without proper validity. Also, to fight against the
card, not present frauds, the merchant needs to have proper security
applications.
The card, not present chargeback come in as codes 10.4 (Visa), 4387
(MasterCard), F29 (AmEx) and UA02 (Discover).
Recurring Transaction Related Chargeback
When the customer cancels the subscription but the merchant
deducts the amount anyways, or the customer is not informed about the upcoming
recurring transaction, a customer can put a transaction under chargeback. The
most endangered thing which a merchant's face is through this.
To deal with such issues the merchant can simply put up some
preventive measures to minimize the number of chargebacks and avoid any penalty
from the card network.
Product or Service not Received Chargeback
Commonly Spread disease is this. Such chargeback is treated as a
priority by the card network. If the merchant has made the mistake then he
should accept the chargeback right away and offer a refund.
This goes when the customer refuses that the purchase is not made.
It comes in as codes 13.1 (Visa), 4855 (MasterCard), C08 (Amex) and RG(Discover). Even the cases such as late delivery of the product can come under
the product not received a chargeback.
Conclusion
Chargeback Expertz is the one that gives away and treats your
business repairs when required. Serving the best quality of services which
your business asks for. Call us +1 855-465-4723 Or mail us at app@chargebackexpertz.com.
