{"id":985,"date":"2014-02-17T09:44:49","date_gmt":"2014-02-17T14:44:49","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=985"},"modified":"2014-02-17T09:44:49","modified_gmt":"2014-02-17T14:44:49","slug":"facts-about-chargebacks","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/facts-about-chargebacks\/","title":{"rendered":"Facts about Chargebacks"},"content":{"rendered":"
\"Credit<\/a>

Credit: Flickr<\/a><\/p><\/div>\n

Facts about Chargeback<\/strong><\/p>\n

Merchants know chargebacks are bad, but many aren\u2019t aware of simple facts that can help them better understand and guard against fraud accordingly.<\/p>\n

Do you know which month is the worst for fraud charge backs?<\/p>\n

which transaction amounts are the most likely to be disputed?<\/p>\n

or which U.S. states are the biggest offenders?<\/p>\n

If not, a Big Data fraud science firm – will help you prepare for a smoother 2014.<\/p>\n

Facts you\u2019ll learn:\u00a0<\/strong><\/p>\n

The most common fraudulent chargeback amount.<\/p>\n

The day of the week when chargebacks are most likely to occur.<\/p>\n

The time of year charge backs are most likely to occur.<\/p>\n

49% <\/strong>of all fraudulent chargebacks happen after 60 days or more from date of purchase.<\/p>\n

$1,000<\/strong> is the most common attempted unauthorized sales amount (followed by $2,500, $2,000, $1,500 and $5,000).<\/p>\n

11%<\/strong> of all fraudulent transactions fall under the Merchant category \u201cCode of 7299\u201d.<\/p>\n

Services.<\/strong> The word most often found in registered fictitious names for fraudulent merchant accounts is \u201cServices\u201d.<\/strong><\/p>\n

Wednesday<\/strong> Is the day of the week when the most chargebacks (19%) occur.<\/p>\n

One-Third <\/strong>of all fraud chargebacks <\/b>happen in the fall (September to November).<\/b><\/p>\n

California Republic <\/strong>is the top state registered by fraudulent businesses, accounting for 14% of chargebacks the U.S. total.<\/p>\n

Florida, Texas and New York round out the top four states with 12%, 9% and 7% respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Facts about Chargeback Merchants know chargebacks are bad, but many aren\u2019t aware of simple facts that can help them better<\/p>\n

Continue Reading<\/a><\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,122,109,50,19,830],"tags":[1062,1356,401,907,1361,1358,1357,1360,1359],"class_list":["post-985","post","type-post","status-publish","format-standard","hentry","category-best-practices-for-merchants","category-credit-card-processing-2","category-credit-card-security","category-electronic-payments-2","category-merchant-services-account","category-payment-card-industry-pci-security","tag-big-data","tag-charge-backs","tag-chargeback","tag-disputed","tag-fraudulent-businesses","tag-fraudulent-transactions","tag-guard-against-fraud","tag-merchant-accounts","tag-unauthorized-sales"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=985"}],"version-history":[{"count":3,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/985\/revisions"}],"predecessor-version":[{"id":1090,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/985\/revisions\/1090"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}