Newbie merchants in the online platform love to think there isn’t much to understand about processing credit cards and POS (point-of-sale) systems. Most startup owners see it as a mere method of accepting payment from buyers. But there’s more to learn about your credit card reading devices and; the more you understand the better things will get for you.
Learn the Rules
Whether putting pen on paper is involved or not, your payment processor still expects you to follow some set of rules. For example, they may need you to provide further details for online or via-phone transactions in cases where the credit card is absent. Also, augment all security protocols to reduce potential fraud as well as chargebacks. Keep all systems up to date to maintain secure trading review.
Be Honest and Transparent
Most chargebacks and merchandise returns are not triggered by fraud; they simply result from misunderstandings. …