Valuing Chargeback Reports

What Is A Chargeback Report?

A chargeback involves various parties- Cardholder, Merchant, Issuers Bank, Acquirer Bank, and Card Network.

This is when you need the Chargeback Report. A chargeback report contains the flow of money and mentions the stage where things went wrong leading to a chargeback. A merchant can create his own database logging the details of each chargeback that occurred in the business.

Chargeback Reports Ingredients

The reports contain many subheads. Look below and jot it down.

•Transactions Details (Amount, Mode of Payment, Customer’s Information)

•Chargebacks (Chargeback Amount, Reason of Chargeback, Time Frame to resolve the Chargeback)

•Resentments

•Pre-Arbitration

•Finally, Chargeback Reason Code

If you look closely then you will find that the above-mentioned details can help a merchant analyze the chargeback occurring in their business. Let’s discuss further to understand the Importance of Chargeback Report.

 Importance Of Chargeback Report?

 If the data from chargeback report is assembled and filtered carefully, it can actually result in merchants to:

•Prepare Chargeback Alerts

•List Win-Chargeback Report

•Calculate the Number of Representments resulted in merchants favor

•Report the number of days of a month rich in chargeback

•Identify merchant errors

•Review the risk causing factors

•Identify areas offering most profit and loss

•Identify the most common chargeback reason codes in the business

Conclusion

If you want then you can ask experts to assist you. For such services, contact Chargeback Expertz at the toll-free number +1 855-465-4723. We also offer assistance to the merchant with the Chargeback Representment and Chargeback Management.