Why You Must Take Steps to Prevent Chargebacks
Chargebacks can cost you money and place your merchant services account in jeopardy. The problem occurs when a customer demands a refund—not from you, but from the issuing bank. Your business can get hit with exorbitant fees and penalties, but quite often, these refunds are the result of fraud on the part of the customer. That’s why chargeback prevention is so important.
QPay Europe uses real-time data visualisations, customised tracking and reporting tools, and a proprietary blacklist database to help prevent chargebacks and preserve your merchant account standing.
Choose the Smart Option for Chargeback Prevention
Every merchant services provider interacts with their customers’ and merchants’ banks to facilitate streamlined transactions. However, many providers offer few if any safeguards for merchants in dealing with fraudulent customer transactions.
Your average merchant provider will keep track of their merchants’ chargeback ratios. If the ratio gets too high, the merchant is deemed high-risk. The merchant provider may then cancel the merchant’s service or impose higher transaction fees.
Rather than leaving you to fend for yourself, QPay Europe works beside you to help minimise chargebacks. Our dedicated chargeback prevention methods are the most sophisticated services of their kind, available for free to all of our merchants. We have years of experience helping merchants grow their business, and that’s why we’re a leading choice for organisations of all sizes.
Get Your Instant Rate Quote
Sign up today to receive your free, personalised quote. With QPay Europe, you can accept 164 different forms of payment from countries across the world—all at an affordable rate.
It’s free and easy to sign up, and there’s absolutely no obligation.
We’re committed to offering you the best rate available and supporting the success of your growing enterprise.