Unfortunately, businesses that accept credit cards from customers and vendors also deal with chargebacks and the costly side effects that come with them. When a cardholder asks their processing bank to reverse a charge, it leaves merchants financially liable for the transaction. To combat the rise of credit card fraud, many merchants use chargeback management and protection techniques to protect their bottom lines.
Below is a list of the most popular — and effective — chargeback management tools being used by companies around the world today to help merchants protect themselves from nefarious and friendly fraud.
Seven Popular Chargeback Management Tools
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