Chargebacks can cost your business thousands of dollars. If you’re unfamiliar with the concept, chargebacks are any transactions that are disputed by the cardholder, and they can seriously affect your numbers. You not only have to deal with the refund itself, but you may also be charged by your processor. That makes finding the right chargeback software a must for your business.
What is Chargeback Software?
For many businesses, the best way to prevent the problem of chargebacks is to manage it with a software solution. Software for chargebacks comes in many different forms and with lots of different features, but all of them are designed to help you track chargebacks and give you the data you need to deal with them before they become a problem for your business.
What is the Best Chargeback Software?
The best software option will be the one that’s right for your business. Typically, you can choose from those that fully manage the process or those that target the various aspects of the process like offering you alerts and data surrounding a chargeback.
Usually, you have three major choices. You can choose one that is a subscription-based model. It’s ideal for small businesses who aren’t quite ready to go with the expense of a fully managed option but want some of the features involved. The next option is a fully managed service that literally outsources chargeback problems to another business. This is a great idea if you’re not quite sure how to handle them. Some companies also offer a hybrid model that allows you to fully manage pieces of the process.
No matter what you choose, the best chargeback software is going to be a solution that’s perfect for the needs of your business. Let us help guide you through the process and find the right solution to meet your needs! Contact Y2Payments at 888-693-1850 to learn more about chargeback software for your company.