High-risk businesses are associated with higher rates of chargebacks and disputes. Fortunately, it is possible to limit payment transaction fraud and reduce chargebacks. With the right chargeback protection and prevention programs available in the high-risk industry, merchants can successfully fight fraud and minimize chargebacks.
The Cause of Chargebacks
Chargebacks appear after a customer files a dispute with his/her bank with regard to a credit or debit card transaction. If the merchant isn’t involved in the dispute process and is informed too late, chargeback problems emerge.
Merchants are left out of the dispute process because customers don’t often let them know about the dispute. 58% of all instances state merchants are never informed about the pending dispute. This results in making merchants unable to defend themselves against the initially-caused chargeback.
It is critical for high-risk merchants to apply to a true professional in the field for payment processing services. Voted the number one high-risk merchant account provider in the US, EMB offers the latest chargeback protection and prevention programs to customers. Bu sure, your high-risk business will ultimately be protected with EMB.
EMB provides a proven platform, superior support, quick and painless application processes, fast approvals within 24-48 hours or even sooner, and the lowest possible rates in the industry.
Benefits of Chargeback Prevention Programs
Chargebacks count for nearly $1 million each year. Fraud related to credit card processing is a top issue to consider. EMB’s chargeback prevention program allows merchants to be notified of disputes early enough so to take the necessary measure to save their funds from being sent back on invalid claims.
Chargeback prevention and fraud-fighting programs offered by EMB help merchants:
- Limit fraud and fight it back
- Get notified about chargebacks immediately and become proactive to fight fraud
- Retain profits
- Partner up instead of fighting alone
Chargebacks are going to affect your business and take your time and efforts. Chargeback-related losses account for 270%. You should take all the necessary steps to protect your business against chargebacks.
EMB partners with Verifi and Ethoca to offer you an unmatched alert and prevention system. Verifi’s new Cardholder Dispute Resolution Network (CDRN) enables merchants to directly control credit card transaction disputes by networking with both banks and card issuers. Thanks to these chargeback resolution networks, merchants can reach the highest rate of chargeback resolution. Choose the best for your business and start growing.