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Episode 4: Chargebacks Got You Down? How to Fight and Prevent Them
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Did you know that too many chargebacks could lead to higher processing fees or even losing your ability to accept payments? In this episode, join Frank as he dives into a challenge that just about every merchant faces at one point or another—chargebacks. You'll learn about the seriousness of chargebacks, especially for high-risk businesses, and how to implement the right strategies and tools to minimize their impact on your bottom line.
In this episode, these questions and topics will be covered:
• 1:15 - What exactly is a chargeback, and why does it happen?
• 3:32 - The three main types of chargebacks: fraudulent, consumer disputes, and technical chargebacks.
• 6:11 - Strategies to prevent chargebacks from happening: the importance of solid policies and customer service.
• 11:11 - How detailed analytics and reporting can provide insights into chargeback patterns.
• 13:33 - Key takeaways for implementing targeted solutions to manage chargebacks effectively.
If you found this episode helpful, leave a rating or review on your preferred listening platform, and share it with another business owner! Let’s set up more business for success.
Connect with PayDiverse:
Instagram: https://www.instagram.com/paydiverse
Website: http://www.paydiverse.com
LinkedIn: https://www.linkedin.com/in/franksena
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