Fraud & Risk
6 Ways to Cut Chargebacks and Boost Profits
To improve profits, eCommerce merchants should implement a holistic chargeback strategy that not only prevents chargebacks, but also actively reclaims dollars lost to fraudulent chargebacks. A key part of this strategy involves identifying which chargebacks are worth contesting -- representing chargebacks involves an investment of time and money, so examining the return on investment is important. Additional best practices are discussed, including improving internal processes and enhancing billing descriptors.