Ethoca: A Chargeback Prevention Software
to Secure Your Merchants
Сhargeback prevention services are quite important for any business that works with card payments, and Ethoca is one of the companies that offer such services. But why do businesses need to cooperate with such companies in the first place, and what are the reasons for choosing Ethoca alerts? We will answer these and many more questions in this article.
Why Do Businesses Need Chargeback Prevention Services?
First things first, let’s figure out why businesses need chargeback prevention alerts and what exactly these alerts help with. So, basically, a chargeback prevention alert is an automated solution that helps prevent disputes and, therefore, protects you from penalties and costly fees, as well as safeguards your merchants and the reputation of your business.
As a matter of fact, a chargeback prevention company, like Ethoca, offers several types of alerts, and, as a rule, you don’t need them all, but you definitely need more than one. Moreover, most businesses need several chargeback prevention solutions at the same time, and resellers, like Germius, help them get all the services they need easily and stress-free since everything is in one place.
Returning to our main topic, let’s discuss the most significant reasons why businesses need chargeback prevention solutions:
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Fees and penalties prevention.
Chargeback prevention software helps prevent disputes and, therefore, allows you to avoid paying penalties and costly fees for disputes.
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Merchants protection.
Too many chargeback requests can damage your merchants and even lead to their closure by banks, but luckily, you can protect your merchants using a chargeback prevention alert.
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Business reputation stability.
The absence of disputes means a secure reputation and chargeback prevention will help you reach both goals.
As you can see, the reasons to install chargeback prevention alerts are pretty solid, and you simply cannot afford to neglect them.
What Is Ethoca?
Now that we know why businesses need chargeback prevention let’s talk about alerts, particularly Ethoca chargeback alerts. So, basically, Ethoca is a chargeback prevention company that offers a solution for stopping a chargeback procedure and, therefore, preventing a dispute and all the costs associated with it. Ethoca is a great solution for any type of business regardless of its size or main focus, especially if you accept a lot of Mastercard payments (though Ethoca works with most payment gateways available on the market today).
Ethoca proves to work flawlessly and prevents most chargeback cases, including fraudulent ones. Though you might need more alerts, for example, the ones from Verifi (which are available within Gemius), especially if you have a large business, Ethoca alerts will cover all your basic needs at the beginning. Thus, let’s find out more about how these alerts work.
How Do Ethoca Alerts Work?
The mechanism of Ethoca alerts is not complicated, yet it’s efficient and works every time, so let’s take a closer look at it.
- The issuer sends a notification to Ethoca about a chargeback.
- Ethoca sends an alert to the merchant.
- Merchant refunds a customer to prevent a chargeback procedure.
- The issuer receives an alert outcome from Ethoca.
As you can see, everything is pretty clear and fair. Though some business owners might be concerned about refunding customers in case of chargeback requests, most entrepreneurs believe that it is still better to refund a customer and avoid a dispute and all the costs and penalties associated with it than start a chargeback procedure. Of course, whether to refund a customer or proceed with the chargeback procedure is up to you, but make sure to think twice before starting a chargeback because in any case it’s best to avoid it.
These alerts will no doubt protect your business from all the unpleasant consequences chargeback requests have, and you don’t have to spend a fortune on those since you can get all these chargeback prevention alerts within Germius.
Reasons to Get a Chargeback Prevention Alert within Germius
Certainly, Ethoca alerts have a lot of benefits for both customers and merchants, so let us take a brief look at those:
- Chargeback costs reduction
- Dispute prevention
- Reliable fraud protection
- Improved customer experience
- Chargeback prevention
- Fast dispute resolution
- Future fraud reduction
Conclusion
Ethoca chargeback alerts will reliably prevent disputes that will no doubt result in the reduction of financial losses, improved customer experience, and excellent reputation of your business. So leave all your fears and doubts behind and order Ethoca alerts through Germius.