CHARGEBACK ING

MasterCard implemented the Fraud Notification Service (FNS) as a means of ensuring that chargebacks are properly submitted by the issuer in 2011. By this way, merchants have new representment right for Multiple Fraud-Related Chargebacks. This service helps determine if a chargeback representment option is possible. MasterCard expanded their rules regarding …

What is a Chargeback ? A chargeback is the reversal of a sale transaction. For merchants, chargebacks can be costly. Merchants can lose both the amount of the transaction being charged back and the related merchandise. Merchants also incur own internal costs for processing the chargeback. Although merchants probably can …