Chargebacks: Why They Happen and How to Prevent Them

Chargebacks: Why They Happen and How to Prevent Them

Online fraud has become a real threat to many consumers, especially those who pay for goods and services using credit cards. That is why there has been a sudden upsurge in the number of complaints among cardholders concerning wrong charges from merchants. Online traders must consider chargeback protection to minimize any losses associated with such happenings. Additionally, as a merchant, you need to understand the causes of chargebacks and how you can prevent them. Why Do Chargebacks Happen? There are several reasons why this reversal occurs, which is why you need to…

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Research shows retailers in 2011 made most anti-fraud progress in over a decade

Cybertheft

Visa-owned CyberSource has unveiled the outcomes of its thirteenth annual e-commerce fraud survey, which showed that retailers are beginning to make important headway in the battle against fraud, even though it is ongoing. The percentage of the number of orders that were found to be fraudulent fell to 0.6 percent in 2011, from having been 0.9 percent in 2010. It has now reached the lowest point that has been seen in the thirteen years since the annual study began. However, the survey also found that the cost of fighting against…

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