What is the VCMP? The Visa Chargeback Monitoring Program, or VCMP, is a tool used by Visa to track chargebacks. While you as a merchant have an interest in chargebacks and how they affect your business, so does Visa.Excessive chargebacks can affect Visa’s business, so they want to make sure that merchants are experiencing as […]
V isa has specific interchange for transactions that occur using an international card in a card-not-present environment. The term“Card-Not-Present” refers to credit card transactions where the card is either keyed in (as in, the EMV chip is not inserted into the terminal or the magstripe isn’t swiped through the terminal) or the transaction is taking […]
I isa has specific interchange for transactions that occur using an international card in a card-not-present environment. The term“Card-Not-Present” refers to credit card transactions where the card is either keyed in (as in, the EMV chip is not inserted into the terminal or the magstripe isn’t swiped through the terminal) or the transaction is taking […]
N egative Option Billing is a business practice that has built a reputation as being somewhat shady or deceitful. The premise of this practice relies on the customer signing up for a service that it is a free trial or reduced price, and then once that trial is over the customer gets billed for future […]
V erified by Visa is a fraud prevention tool implementedby Visa for ecommerce merchants. Participating merchants will have the VisaSecure badge on the checkout page of their website. Verified by Visa helpsprevent credit card fraud by checking to make sure that the purchase is indeedbeing made by the cardholder—protecting both the customer from identity theftand […]
A s all merchants know, chargebacks are an undesirableaspect of doing business, however, it is necessary to know the ins and outs ofthem if you want to accept credit cards. Since many of the customers that youdeal with day-to-day will want to use credit cards, it is recommended that youaccept them. Chargebacks are a mechanism […]
O ne major drawback of shopping online is the inherentrisk of fraud and chargebacks in doing so. Cyber threats worry customers andmerchants alike, and when the internet age began credit and debit cardcompanies were woefully underprepared for the risks that shopping online posed.Fortunately, times have changed and card brands like Visa and Mastercard havecome up […]
J ared Ronski was recently in the news discussing how optimizing mobile and omnichannel is table stakes for merchants looking to keep customers happy and retain them over the long haul. He speaks to the benefits of streamlining checkout, using a mobile-first strategy, and expanding payment options to keep customers happy in the new year. […]
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