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InternetSecure Merchants
Experience the Lowest Fraud Rate in the Industry
Internet-based businesses have long been at greater financial
risk simply because the nature of their business necessitates
payment in a non-face-to-face environment.
For 8 years, businesses using InternetSecure's services
have benefited from the fraud detection and risk management
features that InternetSecure provides.
For InternetSecure clients that fraud rate has never been
lower! Combine ongoing security features with the latest initiatives
such as Verified by Visa and businesses using InternetSecure's
services experience less than 1/10th of a percent (0.10%)
"chargeback" rate. This compares to industry fraud
rates as high as 4% to 15%!
That means 80% of the businesses we service, will NEVER receive
a chargeback. For about 20%, they may only see 1 chargeback
in the entire lifecycle of their business. Even then, InternetSecure
works with the merchant to defend the chargeback with the
goal of reversal.
What is a chargeback?
A chargeback occurs when a customer contacts the financial
institution that issued their credit card to dispute a charge
to that card. The bank then issues a chargeback (sometimes
in the form of a "clear copy request") which means
that the funds for the sale are deducted from the merchant's
bank account. The business does have the opportunity to defend
the chargeback, but until recently it was very difficult for
businesses doing non-face-to-face transactions.
InternetSecure's fraud detection and risk management features,
including Verified by Visa for all merchants, minimizes the
risk of chargebacks for businesses conducting non-face-to-face
transactions.
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