Kinds of Payment Reversals

Chargeback Gurus' Audio Blog

English - May 17, 2021 20:00 - 7 minutes - 5.25 MB
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Every merchant knows how their transaction process is supposed to work. The customer gives you money, and you give them your goods or services in return. It’s never ideal when merchants have to give money back to the customer, but of course it happens frequently and is sometimes unavoidable.

When you’re dealing with payment cards, there are three different ways that payment reversals can occur. Each happens for different reasons, with its own special implications for the merchant. What are the three types of payment reversals, and how can merchants minimize the impact reversals have on their revenue?

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https://www.chargebackgurus.com/blog/payment-reversals