Pay Attention
"The worst thing that can happen to a business is to have its cashflow stopped. Cashflow is the backbone of a business, and if it stops, your business is at risk. As a business owner, you look to build a strong backbone—you need to be able to sit on the beach over a beer and think about how to grow your business, not how to fix it." This is a quote from a business owner that experienced business processing account termination. Hosted by Tal Miller, Fibonatix's CEO, in this podcast series, we provide all the information you need to know on how the right payment processing solution can grow your business.
Pay Attention
Episode 11: What is Fraudulent Transaction and How A Business Should Handle Fraud Report?
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Tal Miller
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Season 1
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Episode 11
This is the third episode in the chargeback series of episodes, an important episode for every business!
Although it is common to think that every fraud report will end up being a chargeback, this is not always the case.
In this episode, Tal covers the topic of fraud from every angle, the misconception, and confusion between fraud and chargeback and explains why fraudulent transaction does not have a direct implications on the business. He also explains what is a fraud-to-sales ratio, how to calculate it, and what is the solution to fight fraudulent transactions.