Small Business Fraud: Chargeback Fraud

EPCOR's Did You Know video series covering payments changes and updates as well as helpful tips, tricks and things to keep in mind.
Did you know... Chargeback fraud has seen a significant rise, costing businesses billions of dollars annually. These losses not only impact your bottom line but can also lead to increased costs and even reputation loss.
Welcome to the fifth installment of our animated “Protect Your Business from Top Payments Scams” series, designed to help small businesses stay vigilant and protected.
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And just so everyone knows, you can have a charge back and prove that it's fraudulent, and the card issuer will side with the consumer in blatant disregard of your evidence. If you have a business that makes it possible to take cash payments because it's in person like a service like let's say automotive repair or landscaping, only accept cash. Never accept card, unless you know the people well. Accepting card payments is a privilege, and your customers need to earn that privilege