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Chargeback Reduction and Protection Plans

Reduce Merchant Account Chargebacks | Protection & Prevention

Merchant account chargeback reduction and prevention. Protect your merchant account from chargebacks using Chargeback Shield. For two decades, we have worked with businesses like yours stay in business and control their chargeback ratio.  Call now and we can show you how we can help your business:  1-855-246-8640

Don’t risk losing your merchant account and putting your entire business in jeopardy by having too many customer chargebacks. Get the protection you need with Chargeback Shield and take chargeback reduction seriously.

There’s no question that most businesses accept credit cards these days. But have you ever really considered how important credit card processing capabilities are to your business?

Paying with a debit or credit card has become the preferred method of payment by many. People are more inclined to pay with credit cards for a multitude of reasons, including ease, reward points and to protect themselves, benefits which cash does not offer.

Losing the ability to process credit cards can be a crippling blow to many businesses. What most business owners don’t realize, however, is that it can happen. And it can happen relatively quickly.

    Chargebacks Happen

    It’s a fact that chargebacks by customers happen. A customer may choose to chargeback a credit card purchase for a number of reasons including, wrong merchandise, items not received, dissatisfaction with the product or service, technical glitches, or legitimate fraud.

    Most often, the merchant is not at fault when customers decide to chargeback a credit card purchase. Unfortunately the banks usually take the customers’ side. But even after an investigation in which the banks determine that the merchant is right, damage has already been inflicted upon the merchant. In most cases, this still results in penalties and fees for the merchant.

    A chargeback ratio as low as 2% can be enough for a business owner to have their merchant account terminated, and the business owner being placed on the TMF (terminated merchant file). If this happens, it’s almost impossible for that business owner to ever be approved for another merchant account and never have the ability to process credit card payments again.

    Protect Your Merchant Account with Chargeback Shield

    At FreeMerchantAccounts.com, we recommend that all merchants diligently handle every chargeback. But we realize that sometimes managing these occurrences can be overwhelming. That’s why we’re offering chargeback reduction and protection through our resolution network partners.

    We use the highly reputable Verifi Cardholder Dispute Resolution Network (CDRN) and the Ethoca alert system for our Chargeback Shield program. When merchants are enrolled in this program, they automatically receive alerts when a customer disputes a transaction.

    These alerts put the power in the hands of the merchants by providing a better opportunity to handle a dispute before it becomes a chargeback.

    Statistics have shown that chargeback reduction programs like our Chargeback Shield reduce the frequency of chargebacks by 30%, greatly reducing the potential for devastating effects like losing the merchant account completely.

    The cost per alert is low compared to penalties and fees associated with chargebacks – and the eventuality of losing the ability to have a merchant account. If you are running some chargebacks and you do not have a chargeback protection plan with your merchant account, you’re taking some big risks.

    The choice is yours. Contact us today to learn more.

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