A chargeback, also known as a payment dispute, occurs when a cardholder doubts a purchase and requests that the transaction be reversed by their card-issuing bank. The ability to reject a payment is intended to protect consumers from fraudulent transactions, but it may cause major issues for businesses, particularly when payments are issued incorrectly. When a chargeback occurs, the disputed funds are withheld from the business until the card issuer resolves the issue. If the bank rejects your application, the cash will be returned to the cardholder. If the bank determines in your favor, the disputed monies will be returned to you. Unfortunately, this can be a time-consuming and complicated process that requires a lot of paperwork and documents.

This can also help determine the service provider’s integrity and foster healthy connections in the event that the seller makes a payment error.

Global Recovery Solutions is a chargeback prevention company, where we help you deal squarely with your disputes and resolve them with minimal loss to your revenue. Our team of knowledgeable specialists, well-versed in chargeback protection solutions assist you with all that you need to manage your chargeback issues right.

Global Recovery Solutions manages the complete chargeback strategy from the ground up, making your job easier. Our team of attorneys, analysts, investigators, consultants, and chargeback specialists work together flawlessly to improve your win rates. It prevents revenue losses and establishes a new consumer fund security system. Global Recovery Solutions takes your complaints seriously, files a lawsuit, gathers evidence, examines bank statements, and more.

Finally, your chargeback is approved. We try to reduce the market’s complexities by implementing solutions that provide financial independence and security.

Chargebacks can cost your business a great deal of money. Whether you are a merchant or a reseller, chargeback disputes can take the wind out of your sails and cost you and your business unnecessary revenue loss. If you can determine how much money you’re losing out on, you can shore up much greater profits from your business. Resolving and avoiding chargeback disputes can help you recover revenue even from benign. With the chargeback solutions offered by Global Recovery Solutions, you can do away with all of your chargeback issues and establish better rapport with your customers.