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When there is one word most Web marketers quiver at the sound of, it's chargebacks. A chargeback is just a argument over a cost -usually an or fraudulent charge- between the client and the business. The entire amount must be paid back by the merchant along with any bank card costs. This amount is automatically deducted from your own merchant account. You can find three major dilemmas about chargebacks that concern the 1. they lose the cost -and also the inventory when it was delivered, 2. the expenses related to every chargeback are between $15 to $25, and worse of all 3. chargebacks dont look good, and your merchant account may be lost by you. Merchant services are pretty finicky; accounts weren't just handed out by them to anyone.

The client could either be dissatisfied with the item, or there could be a duplicate order, or it could be fraud. Whatever the cause might be, it's essential to your online business to keep chargebacks to a minimum. One way to stop chargebacks would be to stop instructions by checking to make sure the order seems legit. offers a free on the web transaction verification process that is targeted at consumers who would like to protect their bank card from unauthorized users. Verexo stores phone and credit card numbers for consumers that are enthusiastic about an additional layer of security and safety for their credit card( s).

The way it works is straightforward. Through the buyer provides their phone and bank card numbers. This information is carried and stored on Verexos secure computers. If the consumers credit card is used for an on the web purchase, Verexo calls you to confirm that you are the card holder. As well as this task, online merchants can query Verexos database to review and check Verexos information with merchants information, to ensure that your card is being used by you. If not agreeable together with your page at Verexo, the deal could be denied.

With your help Verexo will be able to persuade online stores to query Verexos database to make sure your card only gets employed by you. Where you want your credit card to be used, and set a limit how much you would prefer to spend you decide which shops are allowed to charge your card, you determine. Verexo offer the option to opt-out of certain Internet expenditures, opt-out of shopping for from certain on line merchants (e.g. porn and gambling sites), and opt-out of purchasing from sites published in certain foreign countries.

One thing is without a doubt, to be able to stop chargebacks we should first stop fraudulent transactions. That is why the Verexo process may be the ideal solution for protecting consumers from fraud and protecting merchants from chargebacks that cost billions to them of dollars every year. apex merchant group scam