What is Chargeback protection?
Chargeback Protection: Services or practices that protect merchants from costs associated with chargebacks, typically by preventing fraudulent transactions or disputing unjustified chargebacks.
Chargeback Protection: Services or practices that protect merchants from costs associated with chargebacks, typically by preventing fraudulent transactions or disputing unjustified chargebacks.
Introduction: Chargeback protection is a service offered by payment processors or financial institutions to safeguard businesses from the financial losses associated with chargebacks. This protection can take various forms, including insurance policies, fraud detection tools, and transaction guarantee services. The aim is to minimize the administrative burden and financial impact on merchants by either preventing chargebacks before they occur or absorbing the associated costs.
How Chargeback Protection Works:
Benefits for Businesses: