I run a high-risk online store and recently saw a spike in chargebacks, which is hurting my standing with payment processors. How can high-risk businesses like mine reduce chargeback rates effectively and keep our accounts in good shape?
Answer by: abdullah-al-naim
3 weeks ago
To lower chargebacks:
Use clear product descriptions and billing info.
Prioritize customer support and satisfaction.
Use fraud detection tools and verify customer identities.
Use a chargeback management service
Strengthen payment authorization procedures
Monitor and analyze chargeback data
Learn more about High-risk business and merchant accounts:
Understanding High-Risk Business: Risk Factors and Solutions
10 Clear Signs Your Business Might Be High Risk!
Low-Risk Vs. High-Risk Business in Terms of Payment Gateway
High-Risk Merchant Account: Secure Yours, Thrive Without Limits
