Preventing credit card chargebacks
Failure to follow Visa and MasterCard regulations exactly can leave retailers out in the cold when a customer challenges a billing.
Several common errors could cause you to be held liable for a chargeback:
- A single card transaction was processed more than once and the customer was double-billed.
Payment card liability shift leads to Three Card Monty
The widespread distribution of EMV/Chip payment cards and the October 1 shift of liability away from those with the latest technology have sure produced a lot of chatter.
Although much of the discussion has made for better understanding of the payments industry and security issues,
Small MasterCard change could create big upset
“2015: Year of Change” keeps living up to its billing.
Amongst all the chatter and conversation about EMV, Chip cards, NFC and ApplePay, along comes MasterCard with an announcement that could create even more serious churn in the credit card authorization world.
