High risk merchant account

What’s New Since the Visa Chargeback Rule Became Effective

Well, it’s roughly a month since the latest Visa Chargeback rule swung into action and we are here to understand what the law entails- for those who already know— or break the news to our fellow merchants.

If your business is chargeback-prone then neglecting such matters can cost your dearly.  Remember, chargeback rates (more so fraudulent types) have been escalating attracting VISA’s concern even forcing the company to make two critical amendments over the past three years. So that should ring the bell loud enough to wake you up if you’ve been reluctant to find out what the four major changes that become effective beginning April 15 entails.

Here’s what you must know about the new rule and you can use it to protect your high risk merchant account from multiple chargebacks.

Reason Codes are now Dispute Conditions

If you’d gotten so used to the 22 Visa chargeback reason codes then you should know that they were replaced with four dispute conditions namely:

  • Fraud (10.0)
  • Authorization (11.0)
  • Processing errors (12.0)
  • Consumer disputes (13.0)

The reason codes have been revised under these four dispute conditions; for example, you will find these fraud reason codes under Fraud (10.0):

  • EMV Liability Shift Counterfeit Fraud (10.1)
  • Non-Counterfeit Fraud (10.2)
  • Other Fraud-Card Present Environment (10.3)
  • Card Absent Environment (10.4)
  • Visa Fraud Monitoring Program (10.5)

Reason Code 75 (Transaction Not Recognized) has been eliminated

Chargeback cases like ‘transaction not recognized’ are now tackled under Fraud Disputes (10). This is possibly the most common reason retailers sustains chargebacks. And this new rule intends to avoid it ASAP by introducing a transparent billing descriptor, prompt customer support, and the use of AVS and CVV2 checks.

What’s more, both e-commerce and brick-and-mortar will need to draft a return policy and … Read More

Proven Internet Marketing Techniques That You May Not Be Aware Of


The following advice will give you some effective and smart ideas on how to run a network marketing business successfully. Short term promotions are an effective way to improve your online store. You can buy a page ranking if you as an affiliate. This is exactly the sam idea as loss leaders in retail stores.
Create an easy to use “Link to Us” link. People that think alike will click it and your site will be linked to theirs, and you will enjoy additional traffic. Your website tag provides a perfect opportunity to establish and shape your identity. Internet marketing does not have to take place in places other than the Internet.
Make the best use of email in your company. Your customers should be grateful for the information you send by email, not spam messages. With an email newsletter, you can remain in touch with a customer for quite some time, and make him or her feel welcome to return to your website.
Always be prepared to cover any questions potential customers may have.People visit your site seeking knowledge, and if they do not get the information they are searching for at your site, then chances are they will not be with you very long. Providing them with good info will make it so they may buy from you.
Be sure your page contains information that visitors need. Add interesting, articles and other content that will let prospective customers know that you are a business that knows your industry.
This will help them to remember you. This is a great strategy if you highlight a specific product or service.
Make a plan for your website and stick with them. Know what you want to promote and make every effort to get your messages out clearly.Keep these rules in mind … Read More

Great Ways To Jump Start Your Home Business

 

Many people think it is hard to begin and run a successful home business. You need to realize that home business is not as tough as it may seem.Keep your business phone line to keep it separate from the one you use for personal phone line. You have to keep your professional reputation in mind, and you want a separate message box as well.

You should obtain a post office box for your home based business. Don’t use your home address when putting things on the Internet if you don’t have to. This keeps your identity safe as well as protecting everyone else in your family.

Give out discounts or a freebie to help jump start your company started. Encourage them to spread the news about your new business. People who spread the referrals of their friends and family.

You can find others who are interested in joining and form a network that fits your own network. While it would be helpful for them to be in a similar industry, you will have the common bond of owning a home business.

You can even find some good business card offers online for free or very cheap. Be certain to include the basic information like name, such as the name of your business, your phone number and your email address or website.Include your business’s email address and the URL to your website on the business card. This will make it easier for your customers to reach you in a hold of.

You will find information and advice through online forums and communities specifically offering support for the home business owner. You can get tried and true advice totally free by joining any of the many online places to meet up with other home business owners.

Track all of your business … Read More

Annmaria’s Weblog On Judo, Business And Life

 

A weblog for Small Business Consultants and the vendors who serve them. I believe that moral licensing is the primary purpose why companies like Pfizer and Monsanto got down to donate massive sums of money to organizations like Rising Energy and DWB. Because the quotations state above, if corporations donate cash to these causes (something good), they’re higher capable of justify the adverse influence (one thing dangerous) of their core operations. If this explanation holds, it implies that Pfizer and Monsanto are likely behaving worse than had they not given the donation. Executives, when enthusiastic about whether to arbitrarily improve prices of drugs or further their monopoly place on seeds, will consider the donations they’ve made to these organizations in deciding how far they should go in these efforts. Had they not made these donations, they could pull back on a number of the more egregious types of social toxicity.

On August 23, 1999, Blogger was launched by Pyra Labs As one of many earliest devoted weblog-publishing instruments, it’s credited for helping popularize the format. In February 2003, Pyra Labs was acquired by Google below undisclosed terms. The acquisition allowed premium features (for which Pyra had charged) to change into free. In October 2004, Pyra Labs’ co-founder, Evan Williams , left Google. In 2004, Google purchased Picasa ; it built-in Picasa and its photograph sharing utility Hiya into Blogger, allowing users to put up photos to their blogs.

Earlier than the web (and up until mid-1990s), distribution of photos to patrons was tough. Smaller inventory agencies that couldn’t sell some provide of photographs started selling them to DIFFERENT inventory companies with higher distribution channels (usually, the early web adopters). As a result of these pictures had been normally decrease quality, the concern was that these images won’t sell. To … Read More