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Upcoming Holiday Season Creates Increased Chargeback Risks for Merchants
Friday, November 12, 2021
The COVID-19 pandemic accelerated the adoption of e-commerce sales across the U.S., but it also caused a major increase in the number of chargebacks experienced by merchants across all scales and industries. Understanding the key causes and implementing a chargeback management program is key towards conserving revenue loss for merchants this holiday season.
BOSTON, Nov. 4, 2021 /PRNewswire-PRWeb/ -- Mercator Advisory Group released a report covering chargebacks titled Chargebacks: Increases in Credit Card Disputes Threaten Merchant Profitability. The research explores the current state of the chargeback landscape, including the key factors causing a rise in chargeback volumes since the onset of the pandemic.
Merchants continue to experience high volumes of chargebacks, which pose significant risks to business operations and increase the likelihood of reputational loss. In the current supply-chain crisis, merchants must take proactive steps to better understand their chargeback issues and reduce the likelihood of high dispute volumes during the holiday season. It is particularly critical to develop a firm understanding of organizational capability to address all the dimensions of chargeback causes, and make an informed decision on how to address this growing issue.
"With consumers having access to easier means of initiating transaction disputes, merchants are facing growing chargeback risks in today's market," comments Amy Dunckelmann, Vice President Research Operations, at Mercator Advisory Group. Dunckelmann continues, "As merchants are bound to experience logistics and supply-chain issues this holiday season, it is of paramount importance to actively prevent as many chargebacks as possible through planning and targeted solution development. Mercator's recommendations and insights through this report will aid all U.S. merchants in making informed operational decisions for the upcoming months."
Highlights of the research note include:
-- Overview of chargebacks, including a comprehensive breakdown of the
dispute process
-- Analysis of revenue risks and heightened potential losses in the holiday
2021 shopping season
-- Analysis of the key causes behind rising chargeback volumes
-- Recommendations for chargeback reduction strategies
-- Recommendations for third-party chargeback mitigation services
This document contains 25 pages and 10 exhibits.
Companies mentioned in this research note include: American Express, Arkose, Chargeback Gurus, Chargebacks911, Discover, Fiserv, Midigator, Kount, Sift, Visa, Mastercard
Members of Mercator Advisory Group's Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700 or send an email to media@mercatoradvisorygroup.com.
For free industry news, opinions, research, company information, and more, visit us at http://www.PaymentsJournal.com.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
Media Contact
Karen Yetter, Mercator Advisory Group, 781-419-1700, kyetter@mercatoradvisorygroup.com
Twitter
SOURCE Mercator Advisory Group
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