The intentions of the minds behind the chargeback system were obviously the fairest. Nevertheless, the very system has soon become a great environment for fraud, losses caused by it reaching almost 1.5% of the total merchants’ revenue. While there are companies specializing in chargeback prevention, there are things you as a merchant can do yourself to prevent these losses. Why are chargebacks so attractive to fraudsters? Probably the answer lies in the very history of it. Originally, the chargeback procedure was developed in the 1980s, when credit cards were just…
Read MoreDay: May 3, 2021
Study shows insurance shopping saved Americans 76%
A ValuePenguin.com survey showed that people who put in a few minutes of research notably saved. Many consumers who practice good insurance shopping habits ahead of purchasing a policy or before renewing an existing one know that rates aren’t the only factor worth considering. However, at the same time, a recent survey showed that American consumers who put in 15-30 minutes of time to compare policies were able to save money on their monthly premiums. These study findings suggest that there is a lot to be said about comparing rates…
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