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Avoid Chargebacks

Chargebacks can be deadly for small retailers. A chargeback is a credit card charge that’s disputed by the card holder or the card issuer. When you’re hit with a chargeback, your merchant account is debited not only by the amount of disputed charge, but also a fee. Taking one security step can help you avoid chargebacks. Any time customers order merchandise over the telephone or online, ask for the three-digit number (the CVV/CVC) on the backs of their cards. Getting the number usually means that buyers have a legitimate credit card in their possession.

Franchise Matchmaking

If you’re interested in becoming a franchisee, finding a franchise that matches your talents is a key to success. Now there’s a new Web site that can aid your search, www.YourFranchiseConsultant.com. Through questionnaires, the site identifies franchises that match your business skills and personality traits. The site offers free services to prospective entrepreneurs.

 

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