As a business person, some of your prime objectives should be customer satisfaction, retention, and profit maximization. However, that can be hard to achieve, especially if you constantly handle payment disputes, otherwise known as chargebacks. Such instances can lead to you losing your customers and money in the long run. Dealing with chargebacks during the holidays is an alarming scenario, considering that most people make purchases during such times. For this reason, it is wise to understand the tips to prevent that from happening, as discussed below.
Watch Out for Red Flags
Online fraud is one of the significant challenges that small and big businesses face today. This is where a client’s credit card is used without their consent to make purchases, which can happen with both card-present and card-not-present transactions. This is why it is essential to consider Ethoca chargebacks to get a clearer glimpse at this matter. Some …