Visa to Lower its Chargeback and Fraud Ratios for Merchants

emil-kalibradov-2s9N9qHsSCI-unsplash

Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk.

Visa hasn’t announced the new standards publicly, but has informed the merchant-acquiring community.

Visa’s Chargeback Monitoring Program has two major components. Lower-risk merchants currently are placed in the program if they have 100 or more disputed transactions per month and a dispute to transactions ratio of 1%. The new standard effective Oct. 1 retains the threshold at 100 disputes, but lowers the ratio to 0.9%.

The current standard for higher risk merchants is 1,000 or more disputed transactions monthly and a 2% dispute to transactions ratio. In October, the ratio will be reduced to 1.8%, though the 1,000 dispute count will remain.

For full article please visit: https://www.digitaltransactions.net/visa-to-lower-its-chargeback-and-fraud-ratios-for-merchants-in-october/


Latest Related Posts

blocks-g7NfqV6C074-unsplash

Apple Card is Now Available to Everyone in the US. What You Need to Know

Continue Reading
cardmapr-nl-oJAHi6JyFF4-unsplash

Why Small Businesses Should Make the Change to Plastic

Continue Reading