*Friendly Fraud is a term that means a customer orders and receives a product or service, but then claims that the sale and the use of the credit card was fraudulent.
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CheckoutUnprotected |
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Financial Implications | Protection Against | Protection Against |
Losing Your Products | - | |
Losing Your Revenue | - | |
Having Your Merchant Account Terminated | - | |
Having A Financial Reserve Imposed On Your Merchant Account | - | |
Fraudulent Chargeback Claims | Protection Against | Protection Against |
“ Someone Stole My Credit Card To Make The Purchase “ | - | |
“ It Was Not Me That Made The Purchase “ | - | |
“ I Did Not Authorize The Transaction “ | - | |
Business Operations | Protection Against | Protection Against |
Losing The Ability To Accept Credit Cards | - | |
No Longer Qualifying To Get Another Merchant Account | - | |
Increased Expense, Time, And Need To Fight Chargebacks | - |
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