Nowadays, it is possible for businesses to start, function, prosper and spend their entire operating time without the need for opening a brick and mortar location. Businesses no longer need to depend on the only one viable traditionally used business model, that of opening up a brick and mortar store, which means that things like stock control, manning the store, overheads, rent and building costs are all things that you can do without in this day and age if your business model allows for that. There are hundreds of scenarios where businesses have operated only over the internet, and businesses already having a history with physical stores having also leveraged this incredible medium to further their interests. Continue Reading No Comments
Even the most secure payment options can have some minor problems whenever card not present transactions are involved, so it’s important to understand exactly what a chargeback is all about and how your payment processing system can be bolstered to reduce the risk of chargebacks:
What is a chargeback anyway? Chargebacks aren’t the same thing as returns, where the item was delivered to the customer but the customer wasn’t happy with it. Chargebacks occur when the customer believes a fraudulent charge was made with his or credit card number or if the customer placed an order but the item was never delivered.
Who pays for chargebacks? The businesses often end up paying for chargebac