Reduce disputes

Resolve disputes quickly and easily with automation

72% of cardholders consider disputing a charge with the bank to be a “valid” alternative to requesting a refund from the merchant1

Along with the meteoric rise of ecommerce transactions has come a corresponding rise in disputes. This has created a frustrating reality that leaves merchants overburdened with disputes over valid transactions or disputes that cost more to fight than initial transaction to fight. The downstream effects give merchants the burden of added operational expenses, fees, and potentially a loss of processing privileges.  

49%

Increase in US disputes from 2019 t0 20242

78%

of Americans admitted to filing at least one chargeback in 20233


63%

of merchants report an increase in friendly fraud since last year4


Verifi’s PREVENT and RESOLVE solution suites offer merchants the opportunity to resolve inquires in the pre-dispute stage, before a chargeback is initiated.  

Pre-dispute prevention and resolution lowers dispute volumes with automation to protect fraud and dispute-to-sales ratios, alleviate operational expense, and stop fees and penalties associated with the traditional chargeback process.  

PREVENT equips merchants to bridge the communication gap with transaction transparency and data sharing to automatically deflect confirmed first-party-misuse pre-disputes. 

RESOLVE empowers merchants to automatically intercept inquires in the pre-dispute stage. Merchants have the choice to resolve the pre-dispute by providing the cardholder a credit or proceed with the traditional chargeback process. 

To learn more about how to lower your dispute volumes, optimize prevention tools, and protect revenue, contact us or check out Verifi’s free educational tools: 

Merchant Fraud Journal Whitepaper: Quantifying the Challenge of Friendly Fraud Whitepaper

Lowering_Operational_Costs_whitepaper

In it you’ll find: 

  • How friendly fraud presents itself
  • Tips on how data storage and prevention can help prevent friendly fraud
  • Data on the effectiveness of 3rd party dispute management solutions



Download Here

WEBINAR: Disrupting Disputes’ Downstream Effects

Webinar-Disrupt-Disputes

In our Verifi+ Session, chargeback experts will share best practices for combatting disputes and how you can prevent the negative downstream effects that can even impact your ability to process payments.



Watch Now

2024 Global Fraud & Payments Report

2024 Fraud Report

In it you’ll find:

  • The scale and type of fraud seen in the global marketplace.
  • How fraud changes based on the size of the business.
  • A robust set of performance benchmarks that merchants can use to help optimize their fraud management and prevention practices. 



Download Here

Sources:

1The Paypers 

2VisaNet Data, United States, all card types, January 2019 to November 2024 

3The Paypers 

4Verifi’s 2024 Global Fraud & Payments Report 


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