There are a number of best practices merchants can follow to improve in-house chargeback management
In order to effectively prevent fraud and chargebacks as well as effectively dispute those that do occur and protect hard-earned holiday sales. Many consumers who initiate chargebacks do so out of convenience. Simple things like obtaining authorization for the exact amount of the transaction and offering 24/7/365 customer service to quickly resolve customer disputes can decrease unnecessary chargebacks before they happen. Improving internal processes, cleaning up data and billing and making your evidence compelling can aid in effective chargeback representment and recovery of lost revenue.
But, even with the best of practices, merchants cannot always recover as much money as quickly as a third party representment partner like Verifi. Take a look at chargeback management strategy before the holidays to lessen or prevent holiday chargebacks.