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Automatic liability for chargebacks if swiping chip cards

6/19/2018

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Did you know that you are automatically liable for swiping a chip card?

All customer needs to do to win a chargeback is to call their bank or Visa and tell them that you swiped their chip card.
EMV compliance deadline was set for October 2016. There are still many businesses who swipe chip cards.

​The restaurant owner I know has had over $4000 in charge backs in one month. It looks like someone abused the system in that restaurant but unfortunately Merchant was out of compliance.
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Be aware of that, and make sure you have a way of connecting any EMV enabled option for your business.
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  • Services
    • EMV chip readers integration
    • Statement Analysis
    • Apple Pay/Contactless Payments
    • Cash Discount Program
  • POS for Restaurants
    • EMV Integrations to POS
  • POS for Retail
  • News blog
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