Making Money Online is a dream for many merchants. They start their perfect online shop with best of the ecommerce application, spend on marketing and even get sales. But one thing annoys any merchant is chargeback.
A chargeback occurs when a customer contacts a credit card issuing bank to initiate a refund for a purchase they made on their credit card. The reasons why chargeback arise can vary greatly. One of the reasons is potential fraud. Not only merchants lose the money earned from the sales, but also other monetary losses like shipping cost and bank charges.
Protection from chargeback for online merchants is now a necessity. Are you are wondering how? PreCharge is the answer. PreCharge is the service which will protect you from chargeback and thus offering merchant account protection and fraud protection for your online business. PreCharge scans the credit card details entered by your customer with 100 different factors and evaluate a score. The score is sent to your ecommerce application. Depending upon that you could either carry on with the transaction or mark it as fraud. All this process is done in background and takes about 3 seconds of time.
Now you can easily reduce the chargeback to almost none, if not complete with PreCharge. If your online ecommerce is affected with chargeback, don’t hesitate to try this.
