• Chargeback Reason Codes Associated with Merchant Error

    17-02-13  3698
    Payment related

    Most merchants assume they are innocent when it comes to chargebacks. In reality, a merchant’s faulty involvement in the transaction process can lead to a significant amount of chargebacks. In fact, there are more reason codes associated with merchant error than any other cause. ......

  • Chargeback Reason Codes Associated with Criminal Fraud

    17-02-13  3469
    Payment related

    Determined fraudsters are everywhere. Because fraud can cause significant profit losses, it is important to recognize potential fraud and take the necessary steps to prevent it from happening. There are several reason codes that can result from fraudulent or unauthorized activity. ......

  • 10 BEST VIRTUAL CREDIT CARD ( VCC ) ...

    17-02-12  17726
    Payment related

    Are you looking for a list of Virtual Credit Card ( VCC ) Providers ? I’ve listed here 10 popular VCC providers that can help you to transact your money securely. You can find many VCC providers on the internet but all of those are not trusted, but these VCC providers are very popular and used by th ......

  • Why Are Chargebacks So Awful?

    17-01-25  3504
    Payment related

    Chargebacks suck in more ways than one. If you choose to do nothing after a chargeback has been issued, the credit card provider will demand money to be paid back to the customers, and you’ll have to pay it—that’s a refund but worse because you’ll lose the product and have to pay the chargeback f ......

  • How to Use Refunds to Prevent Chargebacks

    17-01-25  3789
    Payment related

    It’s wise to offer a refund instead of letting a situation escalate to a chargeback. Since chargebacks can take months to materialize, it’s best to have a system in place so it won’t sneak up on you. ......

  • What's the difference between an IBAN and a swift code?

    17-01-18  3586
    Payment related

    The main difference between an International Bank Account Number (IBAN) and a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code lies in what they identify. A SWIFT code is used to identify a specific bank during international transaction, whereas IBAN is used to identify an in ......

  • Express support

    17-01-15  3747
    Payment related

    For those tangible products sellers,we request them to upload tracking information after goods delivery.To use the "Tracking upload endpoint" correctly,we provide a list of the express companys so they can code it in API. ......

  • What is a Merchant Category Code (MCC)?

    17-01-12  3570
    Payment related

    A 4-digit code designated by a Credit Card company that lists the product, service, or line of business of a merchant. ......

  • What is a Recurring Transaction?

    17-01-12  3508
    Payment related

    A charge applied to a cardholder in predetermined intervals for services or goods of an ongoing nature (memberships, subscriptions). ......

  • What is an Independent Sales Organization (ISO)?

    17-01-12  3381
    Payment related

    A third-party sales organization that signs Merchants up to accept Credit Cards on behalf of one or more Acquiring Banks. ......

  • How Chargebacks Affect Merchants?

    16-12-31  4326
    Payment related

    It is absolutely essential to understand what a chargeback is and how it affects a business’s bottom line. Answering the question, “what is a chargeback?” is the first step towards implementing an effective management solution. ......

  • What is a Chargeback?

    16-12-31  3733
    Payment related

    'Chargeback' is the term used for debiting a merchant’s bank account with the amount of a transaction that had previously been credited. There are a number of different reasons why a transaction will be charged back, but they mainly fall into two categories: ......

  • Top 10 Chargeback Reasons

    16-12-31  4025
    Payment related

    1. Unauthorised Mail/Telephone Transaction Occurred because the cardholder denies participation in this transaction. You can avoid this by ensuring that you are authorised to accept Mail Order/Telephone Order (MOTO) transactions and being more alert and getting as much customer identification as p ......

  • What is SWIFT Code?

    16-12-23  3705
    Payment related

    SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution. These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages be ......