Sentences with word «chargeback»

"Chargeback" refers to when a customer disputes a charge on their credit or debit card and requests a refund from the bank or card issuer. It allows the customer to reverse the transaction if they are not satisfied with a purchase or believe it to be fraudulent or unauthorized. The bank investigates the claim and may give the customer their money back. Full definition
Mainly paid to Niagara and Genesee counties, in 2012, the Town of Amherst paid the greatest amount of chargeback fees of any town in Erie County, totaling $ 867,018.
For the forex platform, bitcoin removes the cost of credit card fees and the risk of chargebacks on what are typically large payments.
When an Erie County resident chooses to attend a community college in a neighboring county, say Niagara or Genesee, Erie County receives a bill at the end of the year for chargeback fees.
Specifically, lawyers need to consider the potential for chargebacks on trust accounts.
By moving forward with this building on the North Campus we should reduce the cost of chargebacks from other county's community colleges which keeps our property taxes artificially high,» said Legislator Hardwick.
In 2016, municipalities paid over $ 6.9 million in chargeback fees, with the top 5 hardest - hit communities being Amherst ($ 1.18 million), the Town of Tonawanda ($ 1.01 million), Buffalo ($ 913,000), Cheektowaga ($ 819,000), and Grand Island ($ 520,000).
It has been designed to reduce chargeback risk and possible potential losses in a long run.
Executed chargeback process for transactions in violation of MasterCard and Visa regulations.
As any sensible and reasonable Budget should, this proposal prudently uses resources to address county needs while at the same time reducing the property tax rate and lessening the burden of community college chargebacks on communities countywide,» said Erie County Executive Mark C. Poloncarz.
Professor Vikki Rogers, Director of the Pace Institute of International Commercial Law, one of the facilitators of the 2010 colloquium that put ODR on the UNCITRAL agenda, has observed that the Working Group's approach ignores the two most effective existing models to address disputes arising from low - value e-commerce transactions — the credit card chargeback system and the Paypal ODR process.
«The only aspect of scammer behavior that sites deplore is the credit card chargebacks from fraudulent use of stolen credit cards.
It should also be noted that the executive budget also covers half of the community college chargeback costs from other counties» colleges.
In tinyBuild's case, it attempted to sell its games from its own online shop, but it was crippled by chargebacks associated with fraudulent credit card purchases.
The city of Long Beach has received a similar notice requesting chargebacks for the 2004 - 2009 period and has yet to take action, city officials said.
There's no bank for unsavory customers to file chargebacks through, which means that if they have a problem with the product, they can contact to the business owner or merchant and work it out through the refund or replacement policy.
In the letter, MasterCard division president Eddie Grobler said digital currencies currently don't offer consumer protections such as chargebacks when a buyer pays for something that then isn't delivered, and that the value of digital currencies fluctuate so widely that they represent a consumer risk.
Accepting bitcoin payments for its Wallet Funds store credits has allowed OPSkins to expand that international reach while further reducing the risk of chargeback fraud in the skins economy.
Yes, you can store credit card information for your customers, and do chargebacks, fraud checks, etc., but all of those banking activities are covered a very strict state and federal laws.
Maximized accounting department production by deployment of Chargeback Management software, thereby decreasing processing time for cash applications by 50 %.
Even if your store has a «no refund» policy, the Fair Credit Billing Act allows consumers to file chargebacks.
A better example of making skills relevant would be: «applied exceptional communication skills to reduce chargeback rates by over 50 % annually.»
Lower chargeback rates are an added plus.
Additionally, to provide additional tax - savings to area residents, the county will assume over half (52 %) of the Community College chargeback burden, which will amount to $ 3.6 million in savings to taxpayers across the county.
PERFORMANCE SUMMARY Vigilant and insightful individual Chargeback Analyst with a strong background in customer complaint evaluation and validity along with solid knowledge of handling reviews of purchases and receipts.
As a result, sellers don't have to worry about fraudulent chargebacks filed through PayPal, as they can effortlessly present a transaction log which shows that the buyer did, in fact, receive the product!
This is because PayPal does carry a transparent log of previous transactions, unlike Bitcoin, and allows users to make chargebacks when and if they feel necessary, on some very lenient grounds.
The Apparel Group • Lewisville, TX 02/2008 — 06/2009 Vendor Compliance Supervisor Monitored and audited daily and monthly chargeback claims utilizing systems and reports available involving key accounts including Dillard's, Nordstrom, Kohl's, Lord & Taylor, and Jos. A. Banks.
My position continues to be to address state mandates head on, as I did here and with the community college chargeback issue.
Assisted in disputing chargeback transactions, verified sales tax charges, and organized excel spreadsheets within the financial department.
Credit card chargebacks occur when a card user disputes a purchase made with his or her card, often because of defective goods or items never received.
That's according to Bill Zielke, CMO of Forter, an Israel - based startup with offices in San Francisco and New York that offers online merchants real - time fraud prevention with full chargeback protection.
One important principle residing at the centre of the Internet Contract Harmonization Template is the aforementioned chargeback option.
The impact is also unclear at the local level, where Essex and Franklin counties chip in $ 1.2 million each in annual funding for North Country Community College — not including chargebacks, or the fee the county pays for their residents to attend community college elsewhere, which clocked in at about $ 600,000 this fiscal year for Essex County.
If the product they sold is defective or the customer service team does a poor job of handling complaints, your sales team's morale will drop, especially if they're getting chargebacks for cancellations and refunds.
For example, Amherst's revised chargeback amount would decrease by approximately $ 614,000, the Town of Tonawanda's would decrease by $ 529,000, Buffalo's would be reduced by $ 475,000, and so forth.
Every single town in Erie County pays chargeback fees, amounting to nearly $ 5 million in 2012.
You may have chargeback rights when you make a purchase using a debit card and something goes wrong, such as not receiving the goods or the same transaction has been processed more than once.
While chargebacks are possible on both types of card in theory in many countries they are hard to negotiate and not all banks are really willing to provide them without serious effort.
«I think that before Oct. 1, before chargebacks became an issue, the value proposition wasn't clear on making a move to EMV and that muddied the waters even further,» Carcillo explained.
Rockland County Legislator Cris Carey, R - Bardonia, Stony Point Town Councilwoman Luanna Konopko, and Orangetown Councilman Paul Valentine joined Rockland County Legislator Ed Day, R - New City, as he announced the plan for lowering chargeback costs during a press conference last Wednesday afternoon, in the Allison - Parris County Office Building.
Since chargeback analysts usually work for companies that provide credit card services such as banks, they need to be knowledgeable of financial norms.
As well, we have the lowest % of active scammers in the database combined with one of the lowest chargeback level indicators in the industry.
Law firms need a credit card processor that does not allow chargebacks on trust accounts, and that does not take fees from trust accounts.
Bitcoin instantly allows payment from anyone in the world while at the same time, eliminates chargeback risk.
I can use chargebacks to protect me, e.g. in case somebody stole my credit card details.
BitPay is attracting merchants who sell low - priced goods where credit card fees are expensive and high - ticket items such as gold and silver where chargebacks are common and costly.
Added to this is the easy refund mechanism, in which funds are returned directly and without chargebacks.
Our informative, actionable resources help merchants to safely grow online revenues, prevent chargebacks, and offer customers a better shopping experience.
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