Understanding and managing chargebacks
A text course for Retail POS merchants (X and R Series). By the end of the course, you will learn what chargebacks are, why they happen, and how to minimize risks and protect your business against fraud.
Start with any chapter to learn about a specific part of chargebacks. Each chapter gives short but essential information to help you understand how to prevent and handle them. Scroll down and click Start learning to begin.
Introduction
What is a chargeback?
Example
Impact and consequences
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Introduction
1. Fraudulent transaction
2. Unrecognized transaction
3. Duplicate transactions
4. Cancelled merchandise/services
5. Product not received
6. Product unacceptable
7. Credit not processed
8. General disputes
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Introduction
1. Use secure payment methods
2. Monitor high-value orders
3. Watch for unusual patterns and review suspicious orders:
4. Be transparent about fees and policies
5. Track shipments
6. Communicate promptly and clearly with customers
7. Maintain Detailed Records
Other best practices
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Steps to resolve a chargeback or inquiry
How Lightspeed Payments supports you when dealing with chargebacks
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What happens if you lose a chargeback
Resources
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