Verifi’s technology will help BlueSnap merchants prevent chargebacks. BlueSnap will offer these services alongside a suite of fraud protection measures. According to Verifi, chargebacks cost merchants as much as USD 40 billion per year. Whether caused by identity theft, stolen payment cards or buyer’s remorse, every USD 100 in chargebacks is estimated to cost a merchant USD 308 in time, fees, penalties and product.In order to help merchants prevent chargebacks before they happen, BlueSnap is making Verifi’s Cardholder Dispute Resolution Network (CDRN) available to customers. CDRN is a chargeback management solution that gives merchants the ability to respond and resolve disputes directly with the customer - before they turn into chargebacks. Verifi, a provider of end-to-end payment protection and management solutions, was founded in 2005 to help our clients effectively manage the payments challenges they face every day. Verifi helps merchants safely process payments, combat fraud, prevent and resolve costly chargebacks, as well as increase billings and keep loyal customers.BlueSnap is a global payment gateway powering the checkout process for ecommerce merchants worldwide.
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