Limits on Merchant Account Credit Card Processing Volumes
One of the processor's major objectives is to estimate its potential liability and the merchant's annual credit card volume is key to achieving it....
Author: UniBul
Cardholder-Merchant Collusion Program and Bust-out Accounts
The Cardholder-Merchant Collusion Program enables card issuers to file claims against processors associated with identified fully collusive merchants....
How Processors Manage Merchant Accounts with High Levels of Fraud
Visa and MasterCard maintain the Global Merchant Audit Program, which is a rolling six-month database that identifies merchants with high levels of fraud....
How to Handle Chargebacks Resulting from not Received Merchandise
Both Visa (Reason Code 30) and MasterCard (RC 4855) use special reason codes for chargebacks resulting from a non-receipt of purchased merchandise....
When Should Merchants Deposit Credit Card Payments?
Credit card payments should not be deposited before the transaction date, which for e-commerce merchants is the date on which the item is shipped....