Protect Your Business from Chargeback Fraud: Essential Tips

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[john]

Chargeback fraud, often referred to as "friendly fraud," occurs when customers dispute legitimate transactions, causing losses for businesses. According to Wikipedia, it's a growing concern in e-commerce, where merchants may lose both the product and payment. To protect your business, implement clear return policies, use address verification systems, and maintain detailed transaction records. Monitoring transaction patterns can also help identify and prevent fraud early. Integrating tools like a my bottle neck calculator can further optimize your payment system to reduce vulnerabilities