With Verifi’s Cardholder Dispute Resolution Network (CDRN) you can and will stop chargebacks before they happen

Chargebacks: When a customer decides to dispute, a charge made to their credit card, this is called a chargeback. The chargeback initially results in the debit or credit card charge being reversed and the funds that you received for the payment being returned to the customer. Chargebacks were introduced as a form of consumer protection against fraud.
Chargebacks are a $40 billion problem that impact EVERY merchant’s bottom line. Whether caused by true fraud (identity theft or stolen payment cards) or friendly fraud (buyer’s remorse or disputing a legitimate charge) – if you aren’t preventing chargebacks you will be on the losing end. Chargebacks can and will cost you in the form of fees, fines and penalties. Get too many chargebacks and you could lose your card processing privileges.

In today’s mobile business world, it’s extremely simple for customers to dispute legitimate purchases, bypassing you directly and going directly to the bank to file a chargeback.
When this happens, YOU pay the price. It’s estimated that for every $100 in chargebacks, the true cost to you is $240 in wasted time, costly fees, penalties, and additional losses of your products and services.
Now is the time to take action and ensure that your business is protected from these costly and unnecessary chargebacks.