Unless the payment technologies, fraud vendors, processors, and merchants work together in the same environment, merchants will still lose out on optimizing their revenue no matter what the payment technology is.
Unfortunately, fraud vendors tend to cause false positives in an effort to curb fraud and friendly fraud, and processors sometimes aren't very helpful in the understanding of merchant operations; this may lead to friendly fraud eating at profits. Until we balance the ecosystem, merchants will continue to bear the brunt of revenue losses.
Don Bush, VP of Partner Engagement at Chargebacks 911, introduces you to some tips on how to curb fraud and friendly fraud in order to avoid revenue losses.
Make sure you check out his takeaways by filling in the form on the right.
About 2Checkout (now Verifone)
Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need - from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world's best-known brands, small businesses and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels.
Verifone's 2Checkout platform is an all-in-one monetization solution helping clients drive global sales growth across online channels. Its digital services, including global payments, subscription billing, merchandising, taxes, compliance and risk, help clients stay focused on innovating their products while delivering exceptional customer experiences.
Get more information at 2Checkout.com
