Tips for a Successful Chargeback Reversal- Chargeback Expertz

Posted by Chargeback Expertz on November 13th, 2017

Chargeback can be shocking surprise for your business. Chargeback occurs when your customer raise the dispute in their bank against your business. The issuing bank then start investigation against your business, take money away from you and provide it to customer. At initial stage the money is reversed on a temporary basis and you are provided enough time to provide the Representment to banks to save the chargeback and your funds. Fraud detection at early stage also help you reducing the chargeback cases. Having a proper risk management team in your business also saves you from disputes.

There are few tips which may help you and your business to reverse the chargeback and win the dispute.

Know the reason for the chargeback: Know why your customer has raised the chargeback. Do the proper analysis. Try to find if you have any proof of the transaction made by the customer. Any emails, call recordings or proof of delivery. Risk management team can do this task properly.

Contact the customer: Ask your risk management team to try and contact your customer. Know the reason why your customer is unhappy and raised the dispute. Some customers raise the chargeback because they don’t remember the descriptor name. Talk to them and ask what you can do to make things work.

Documentation: Collect all the document which prove that product was ordered by the customer and was delivered too. If possible take the customer authorization and signature while delivering the product.

Evidences: Make sure you have proper evidences to dispute against the chargeback. If you had the conversation over the phone, have proper call recording of the same. Keep email conversation saved with you. If you have any agreement with the customer, save the copy of the same with you too.

Respond In time: Do not delay in responding to chargebacks. You will generally have 7 days to represent it. If the bank finds your evidences compelling, they will surely contact the customer to provide more information. Get more information visit website – www.chargebackexpertz.com