Chargebacks and their Impact
Electronic payment processing opens global markets but exposes merchants to chargebacks, a major threat.
Chargebacks often result from fraudulent transactions or customer claims of non-receipt. Merchants typically lose the product cost and incur a penalty fee.
With our chargeback management you get:
- Real-Time Data for Fraud Prevention: real-time data to halt fulfillment for fraudulent transactions.
- Reduced Chargebacks with PW System: Chargeback Alert System empowers merchants to resolve disputes before they become chargebacks, increasing their resolution success rate.
- EMV Technology and proactive approach for Enhanced Security: Merchants with EMV-enabled POS systems maximize their fraud protection. EMV chip cards with unique transaction codes minimize counterfeit card creation.
Benefits of PW’s Chargeback Solutions:
- Faster notification of potential chargebacks
- Reduced chargeback ratios
- Increased transaction processing
- Lower chargeback fees
