Darryl Hicks—Tungsten Talks

Two Rules That Tungsten CEO Darryl Hicks Says Will Keep Your Bank From Shutting Down Your

Merchant Account

TUNGSTEN SOLUTIONS FLEXPAY

Tungsten Talks—Darryl Hicks www.darrylhickstungsten.net

http://darrylhickstungsten.net

Two optimization metrics draw a line in the sand between high-risk businesses who regularly charge a customer’s credit card, and legit businesses who regularly charge a customer’s credit card.

www.darrylhickstungsten.net



Life Saving Metric #1

The Rule of 100



VISA and Mastercard have a little known policy that stipulates that up to 100 chargeback incidents can occur per merchant account every month before they need to be concerned that you are ripping people off or failing to keep your promises.

If less than 100 customers per month obtain a refund from the credit card that processed your company’s charge, your account will remain in good standing. Over 100, and you’re flagged.

How it Works



Life Saving Metric #2

The 1% Rule


After 100 chargebacks per month, your merchant account — along with VISA and Mastercard — bring into effect another vital metric: the total percentage of customers during the period who requested a refund directly from the credit card company, per account. As long as this total percentage of custo-mers who demand a refund directly from the credit card company falls under the 1% threshold, your merchant account can remain in good standing, and continue to function without interruption.

How it Works



Break these rules, and this happens to your merchant account.




Learn how to play safe, and keep the banks as your ally:




Read the full article on

Medium


http://bit.ly/1jKSBmh



Darryl Hicks—Tungsten Talks

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