When I first began my career I had the belief that card present transactions did not grant issuers chargeback rights. However, as time went on, I discovered that they do have these rights and one crucial indicator is known as the Cardholder ID Method.
What is the Cardholder ID Method?
So what is the Cardholder ID Method? It can be compared to a code that informs the system, about the type of identification used by the cardholder. In the words of Visa themselves; “The Cardholder ID Method signifies the form of identification employed to verify the cardholder.” The details can be found below:
Why It Matters
Well, this method plays a role in determining security checks for card transactions, such as distinguishing between swipe and EMV methods. Additionally, (with other information together) it aids in determining whether or not issuers possess chargeback rights.
Details Matter
The importance of paying attention to details cannot be overstated. Visas BASE II Clearing Data Codes (Visa’s handbook) provides valuable insights regarding the Cardholder ID Method.
Summary
To sum it up you now have an understanding that issuers can indeed recover funds through chargebacks, even for card present transactions. It’s not solely their responsibility to bear all losses incurred.
I simply could not go away your web site prior to suggesting that I really enjoyed the standard info a person supply on your guests Is going to be back incessantly to investigate crosscheck new posts