Tag: merchant accounts

Processors compare each merchant's daily deposits to the average transaction count and amount for the merchant over a period of at least 90 days....

Prior to signing a new merchant agreement or renewing an existing one, processors are required to verify that the applicant is a bona fide business....

American Express uses various operating policies and business practices to resolve customer disputes and to identify non-compliance chargebacks....

When a cardholder disputes a transaction, American Express sends an inquiry to the merchant, requesting specific information in support of the charge....

Chargeback is a reversal of a credit card sales transaction, resulting in a debit to a merchant account, after the sale has been settled....