So what do online merchants need to know about chargebacks, and how can a secure payment processing service help? First off, there are ways to prevent legitimate chargebacks from occurring (because they will likely occur at the loss of your business). With an advanced payment service, such as what you will find at PayCertify, payment services include features which detect fraudulent credit cards.
Without these features, you could be held liable for many credit card chargebacks. If you’re conducting transactions globally (or if you hope to do so in the future), you’ll want a payment processing software that can detect these issues in order to process transactions correctly the first time around. This is one of the more confusing parts of online sales and it is not easy to do without the help of a secure payment service. If transactions aren’t processed with the correct price, the merchant may be held liable for any chargebacks.