Shortening timeframes for faster responses.

One of the goals with the new system is to speed up the timeline so disputes do not take as long to resolve. This is good in the sense that things will move faster for all parties, but also means merchants will have to be organized and faster to respond than in the past.

   
The timeframe that a merchant actually has to respond within depends on how quickly the processor is able to notify the merchant of the dispute. Some processors, even until recently, offered mail (old fashioned snail mail) as the method to receive your chargeback notifications in. Going forward, this is just not going to be an option anymore. Snail mail notifications were never a good idea anyway, and none of our clients at Merchant-Accounts.ca are given the option of physical notifications. The faster you receive your notifications of disputes, the sooner you can start working on a compelling response to it. Visa has plans to further reduce the response timeframes in 2019 (cited from an excellent webinar by Ethoca about the changes associated with VCR, but the link has been removed and can no longer be referenced).

The quality of your response is also far more important than in the past because the process is streamlined, shorter, and you have to put a perfect dispute response together on your first attempt, because you won't get a second chance.




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