Latest update on Visa’s Chargeback Dispute Rules that help high-risk merchant ac

1. Design a site like this with WordPress.com Get started Fast, Secure & Reliable Webpays Latest update on Visa’s Chargeback Dispute Rules that help high-risk merchant account holder ?ght fraud claims webpays 15th May 2023 Leave a comment Staying informed about the latest updates on Visa’s chargeback dispute rules is essential for merchants. Do you own a business? If yes, then this blog is sure to provide a productive insight into the latest Visa chargeback updates. For compliance to rules, effective dispute resolution, fraud prevention and cost control, you should stay updated. The latest update is – Visa compelling evidence 3.0 To control the misuse of cards, Visa is seriously working on creating a stronger shield to protect the rights of the merchants. By altering its card use rules, the company is determined to keep a democratic approach. Yes, the card holder is important for every credit card company. However, now the credit card companies like Visa also think about the fair practices. The merchants who are annoyed with the wrong use of the cards by the card holder will have relief now. The new update of visa compelling evidence will be a big help speci?cally for high-risk merchant account holders. You should read further if you are a merchant with any type of risk-level business. What is visa compelling evidence 3.0? The visa compliance evidence 3.0 is the collection of guidelines to help the issuers, merchants and acquirers prove fraudulent chargeback demands. The guidelines set a rule that if merchants have certain evidence, the chargeback demand will be reversed. It means that the customer making fraud chargeback demand will not be considered. The merchant will not have to pay back in the name of chargeback. How will visa compelling evidence 3.0 ?ght chargebacks? In case of a chargeback demand, if the merchant shows ample proofs that the same customer has done transactions before; the chargeback claim will be reversed. It never

2. happened before, thus, the business owners especially offshore merchant account holders Design a site like this with WordPress.com Get started are quite happy. By showing historical purchase evidence, the merchants can prove their part. In international transactions the threat of false chargeback demands is even bigger. The new rules aim to keep the chargeback process more transparent, ef?cient and unbiased. Just by providing that a customer has a record of successful transactions with the merchant, fraud claims can be reversed. The visa reason code 10.4: Other Fraud-Card- Absent Environment is applicable as the new rule by visa. The visa compelling evidence 3.0 came into effect on April 15, 2023. The new set of rules is applicable on all ends included in the transaction processing. Whether it is a Global Payment gateway, issuing bank or acquirer, all follow the same rules. To prove a chargeback demand is fraud, the merchants use IP address, device ?ngerprint etc. How does the visa compelling evidence 3.0 work? The rule allows the merchant to present the transaction evidences that authenticate the genuineness of a transaction. It is done by providing just one previous successful transaction history of the customer with the merchant. The evidences can be presented using IP address or physical address or email address or telephone number. Other rules that CE 3.0 includes You should know about several other rules that include in the new version of visa compelling evidence 3.0. The rules below are extremely important for international merchant account holders with a high-risk business. Sponsored Content Laser Belly Fat Removal in Mexico (See Prices) Belly Fat Removal | Sponsored | Sponsored Gadget-Lovers: Check Out the New Tech in These Luxury Homes Mansion Global | Sponsored The Art of Finding and Blending Upcycled Furniture Mansion Global | Sponsored A Seafront Triplex Spans the Top Floors of a Historic Basque Palace Mansion Global | Sponsored One of the Priciest Homes for Sale in the Dominican Republic Is This $25 Million… Mansion Global | Sponsored Turkey's Erdogan trails rival in toughest re-election battle yet Nikkei Asia | Sponsored

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