An authorization hold, also known as a pre-authorization or card authorization, is a common practice in the world of payments and transactions. It is a temporary hold placed on a customer's account to ensure that sufficient funds are available for a purchase or to cover any potential fees or charges....
What is a Payment Reversal and How Does it Work?
In today's digital age, online transactions have become an integral part of our daily lives. Whether it's purchasing goods and services or transferring funds to friends and family, the convenience of electronic payments cannot be denied. However, there are instances when these transactions may not go as planned, leading to...
What is Chargeback Representment?
Chargebacks are a common occurrence in the world of business, particularly in the e-commerce industry. They can be a frustrating and costly experience for merchants, as they often result in lost revenue and additional fees. However, there is a process known as chargeback representment that can help merchants fight back...
How Chargeback Insurance Can Benefit You As A Merchant
As a merchant, one of the biggest challenges you face is the risk of chargebacks. Chargebacks occur when a customer disputes a transaction and requests a refund from their bank or credit card company. These chargebacks can be costly and time-consuming for merchants, often resulting in lost revenue, additional fees,...
What are Chargebacks and How Do I Dispute Them?
In today's digital age, online transactions have become the norm. Whether it's purchasing goods or services, consumers rely heavily on their credit or debit cards to make payments. However, with the rise in online transactions, there has also been an increase in fraudulent activities and disputes between merchants and customers....