Five Terrifying Myths About Payment Processing
For most people, nothing is more frightening than reviewing their bank statements and getting something unpredictable. However, extra costs and credit card balances are not the only structures that may be concealing in your financial group. If you also trust the myths about your ‘friends, co-workers’ who had the theft of their organs in Mexico, or that Walt Disney cryogenically iced, then you may want to know five terrible myths about payment processing . Five Terrible Myths About Payment Processing Myth. 1 The issuing bank will take liability for fraudulent transactions on your online merchant account . Fact: The only factor terrible than a jester with a knife is a jester with a packet full of chargebacks. After October 1st, 2015, the responsibility for in-store fake fraud moved from the issuing bank to the front borders, Now if either the customer or the online merchant has not familiar with the new EMV chip technology, then they are ready to face the disappeared funds fr...