Chargebacks are costly and they cannot always be avoided.  However there are some basic steps to follow to lessen the chances of getting chargebacks on your merchant account. In a retail store for example if the credit card is declined when swiped through the terminal, do not continue to try and get an authorization. Instead you should request a new form of payment from the cardholder.

If you have an online store also known as an ecommerce website then it is important to see the address verification system (AVS) to ensure that your customer is providing you with the correct billing address and zip code.

These are just two of the most basic tips.  When you have Elite Payment Processing of Fort Lauderdale setup your merchant account we will give you advice on how to get the most out of your merchant account.  We want to be a partner with you in keeping your credit card processing fees down.