How can I reduce chargebacks for my business?

How can I reduce chargebacks for my business?

To reduce chargebacks, you can improve your customer service, ensure clear billing descriptors, and implement fraud detection tools.

What are some common reasons for chargebacks?

Common reasons include fraud, customer dissatisfaction, and unclear transaction descriptions. Addressing these can help.

How can I improve my billing descriptors?

Make sure your billing descriptors are clear and recognizable. Include your business name and a brief description of the purchase.

Are there any tools that can help with fraud detection?

Yes, there are several tools like Signifyd, Kount, and Riskified that can help detect and prevent fraudulent transactions.

What steps should I take if I receive a chargeback?

First, gather all relevant transaction information, then respond promptly to the chargeback with evidence to support your case.