Are you getting too many chargebacks?
It’s an all too common occurrence for many business owners – someone makes a fraudulent charge, so you have to spend hours on the phone with the credit card company to deal with it. Chargebacks are a drain on your time and hard-earned revenue. Fortunately, a number of new technologies can significantly reduce your chances of fraud. Contact us to learn how we can decrease chargebacks for your business.
Online transactions are the most vulnerable
Credit card companies are cracking down on face-to-face transactions, so the fraudsters are going online. The primary industries that are being affected are mail order, wholesale, manufacturing, memberships, and even non-profits. Fortunately, there are a variety of protocols that you can set in place to limit fraud and chargebacks.
The latest fraud prevention tools and technologies
Signifyd is a great example of fraud-free payment management for e-commerce. This tool scrubs each transaction to determine whether you should accept an order. When you meet with Focus Financial, we’ll evaluate your current transaction patterns, recommend the right technology solution, and discuss other ways you can avoid fraud and chargebacks at your business.
Tips for reducing fraud
Our team has 20 years of experience fighting fraud for businesses in Atlanta and throughout the US. Take advantage of our knowledge to give your business the best possible profit margins. Here are some of the methods we suggest for fraud prevention:
- Swipe-to-chip – Switching to chip-enabled terminals will have an immediate impact.
- Mobile wallets – Probably the most secure transaction possible. Encourage the tap!
- Special credit card programs – Verified by Visa or MasterPass, these programs improve security by requiring an extra verification step.
- Limit foreign cards – These are more difficult to verify and are more prone to fraud.
- Address verification – verifying billing address is an extra step that minimizes the chances of fraud.
In many cases, if you follow all the right protocols and a problem arises, the credit card company won’t issue a chargeback.
Contact us for a complimentary analysis of your payment processing system.
When you set up your meeting with the team at Focus Financial, we’ll give you a complimentary evaluation of your payment processing system, including recommendation for reducing fraud and overall costs.
At Focus Financial, we don’t believe in “one-size-fits-all” payment processing systems. You may be following a plan that works best for another business, but that doesn’t mean it’s best for you. Our payment processing solutions are customized for each individual business and are designed to give you the best value and highest fraud protection. Contact us today to schedule your complimentary consultation.