UniBul Merchant Services Updates Payment Processing Program for Timeshare Advertisers

June 1, 2009 - PRLog -- UniBul Merchant Services announced today the planned update on June, 8 of its successful credit card processing program for timeshare advertisers. Merchant accounts will continue to be set up with:

1. No processing limits.
2. Low processing rates.
3. No downtime during the switch from the current processor.

Timeshare advertisers process high-risk credit card transactions.  The risk is expressed mainly as a high level of customer disputes and chargebacks.  Chargebacks are Visa’s and MasterCard’s major concern and payment processing companies are expected to be cautious when working with businesses operating in an industry that historically has generated unacceptably high rates of disputes and chargebacks. This is a legitimate concern. If unable to keep the share of their charged-back transactions less than one percent of the overall number of transactions, the merchant will lose its processing account and the processor may be fined by the Credit Card Associations. What needs to be understood is that it does not matter whether or not the chargeback has been successfully resolved by the merchant.  Either way, it counts against the merchant, as far as Visa and MasterCard are concerned.

To address that, UniBul Merchant Services has placed the emphasis on providing timeshare advertising organizations with the knowledge, tools and support to enable them to process card transactions in a way that is compliant with Visa and MasterCard regulations. UniBul Merchant Services’ timeshare advertising program includes a best practices guide for processing transactions online that has been recently updated. Also provided are instructions on what to include in policies on order cancellations, refunds and handling sensitive payment information and how to communicate them to customers. Implementing these procedures will minimize chargebacks. Maintaining low chargeback levels guarantees that no processing limits are imposed.

UniBul Merchant Services provides timeshare advertisers with an exceptional reporting system that allows merchants to monitor their activity online and to make adjustments where necessary.  One of its most useful features has proved to be the chargeback and retrieval section which enables merchants to quickly react to adverse events and submit re-presentments online.

Timeshare advertisers have also benefited from the fact that the customer support centers are US-based and staffed with highly trained professionals.  The two support centers are based in Dallas, TX and Tampa, FL.

The switch of payment processing services from current providers to UniBul Merchant Services is a seamless process and merchants do not experience any downtime. The old account is not canceled until the new one is fully set up and functional.

By updating this program, UniBul Merchant Services is seeking to bring processing costs for timeshare advertising companies further down and to ensure that merchants maintain their focus on keeping customer disputes and chargebacks in check.

Contact:

UniBul Merchant Services LLC
617-861-6101 – phone
617-684-1709 - fax
timeshare@unibulmerchantservices.com - email
http://www.unibulmerchantservices.com/payment-processing-... - program page
http://www.unibulmerchantservices.com - web

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UniBul Merchant Services is an Independent Sales Organization (ISO), registered with Visa and MasterCard as a provider of payment processing services for US businesses.