| One of the worst things that can happen to you as a | | | | are not conducive of a good financial business model |
| merchant is to receive a fraudulent chargeback for | | | | and can negatively affect a merchant's bottom line. |
| merchandise that you already delivered or a service | | | | Whatever the motive or reason may be for fraudulent |
| that you have already performed. It is the most | | | | chargebacks, it is of utmost importance to keep them |
| frustrating aspect of being in business for oneself. | | | | to a minimum. One of the best ways to do this is to |
| Whether you are in business as a sole proprietor, | | | | stop fraudulent chargebacks dead in their tracks by |
| corporation, online marketer or flea market vendor, | | | | utilizing fraudulent screening services, which are |
| receiving a fraudulent chargeback on goods and | | | | offered by credit card fraud Financial Services. Other |
| services is a bad situation for you and your business. | | | | methods available are practicing and implementing |
| For the sake of argument, a chargeback is a | | | | common sense measures by checking ID Cards if |
| disagreement or dispute over a charge between a | | | | selling face to face or ensuring complete information |
| customer and a business entity. However, a fraudulent | | | | from the front and back of the credit card if selling |
| chargeback is a form of credit card fraud and theft. | | | | online. While it is important to practice good merchant |
| The customer has already received the merchandise | | | | safety, credit card fraud cannot be prevented. Seeking |
| or service from the vendor and charged it on their | | | | assistance from professionals that specialize in |
| credit card. For unknown and malicious reasons, the | | | | fraudulent screening services is a good way to ensure |
| customer decides to file an unauthorized charge with | | | | protection from this type of crime. By screening |
| their credit card company with the intent of keeping | | | | transactions, these service providers are able to |
| the merchandise. To the merchant this is basically a | | | | detect fraudulent activity and prevent the transactions |
| fraudulent charge because the product or service was | | | | from actually occurring. Proper screening techniques |
| delivered to the customer in good faith, and now the | | | | are a positive step forward to protect you and your |
| customer is claiming they never received this | | | | business from the many criminals lurking online and in |
| merchandise or service. These situations are never | | | | our society today. |
| good for the merchant because even if the merchant | | | | Credit card fraud costs merchants billions every year |
| was to eventually win the case and the credit card | | | | and it is only increasing. Preventing chargebacks from |
| company reimbursed the funds, the fact that the | | | | occurring by utilizing professional services seems a |
| merchant's money was held in limbo for weeks or | | | | logical alternative to being caught ill prepared and losing |
| even months is still a loss for the merchant. Some | | | | hard earned money. By practicing good safety |
| additional problems for the merchant would be loss of | | | | measures and working with professionals specializing |
| funds and/or inventory, loss of fees associated with | | | | in fraud screening, we can at the very least reduce |
| the chargeback and loss of credibility with the | | | | our exposure and losses to fraudulent chargebacks. |
| merchant services company. Obviously, chargebacks | | | | |