Charge back may be not a familiar term to the common man. Charge back is a condition defined as a credit card charge that is disputed by a customer and is reversed; after a chargeback the customer has paid nothing and the seller has received nothing (but possibly has to pay a chargeback fee). The merchant sides must be familiar to this term but they all would want to protect all of their transactions from this situation.

Precharge is such a service which acts as a Third Independent party called as Application Service Provider may be said as a middle man between merchant and the merchant's bank. Precharge is global service, lone on the face of the earth,and allow merchants to identify and screen out the card not present transaction globally.

Globalization is an important factor to all the merchants especially to those who want to accept money online or E-money like what we say now days as E-commerce. So a merchant need fraud protection services which can keep his/her business transactions safe.

Precharge is a great service to all the merchants and would like to suggest that there should be no compromises with security.

3 comments

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