Protect Your Business with VMPI

Submitted by Andy_B on Tuesday, 01 March 2022 Page Views: 218

**National Museum of Scotland (Pictish Stones)** submitted by Anne T : Close up of the 'drunken man' It amused me that his drinking horn has a bird's head which seems to be looking at him in judgement. This is the Bullion Stone, from Bulliion, Invergowrie, Angus. Exhibit X.IB 229, labelled "Drunk In Charge". Canmore 32006, found at NO 3433 3054 whilst making a new by-pass road and donated to the NMS in 1934. Even the horse has splayed legs, as if he is drunk as wel... (Vote or comment on this photo)

The chargeback issue has brought together e-commerce merchants and financial service providers. Lengthy and costly transaction disputes can become a thing of the past.

This is thanks to a plugin: VMPI (Visa Merchant Purchase Inquiry). Your online account can be protected by this tool from dangerous chargebacks threatening to undermine any business.

VMPI Saves Businesses from Chargebacks

Chargebacks consume a lot of time, energy, and financial resources of a business:

After a consumer requests a chargeback, the business will typically attempt to dispute it.

A dispute begins between the bank that issued the card to the buyer and the merchant.

This takes a lot of time and money required to pay numerous fees.

Therefore, the mechanism of VMPI has become a real salvation. It established a channel for constant automated communication between the merchant and the issuer bank. By opening an online account you may start using VMPI as a part of the financial protection system for your business.

How Does VMPI work?

Let’s look at a simple example. The desire to receive a chargeback may arise not only from a fraudster but also from a respectable person. People buy a lot of goods, paying for them with bank cards. Sometimes they even forget that they paid for some service or product. And then the situation unfolds as follows:

· In his bank statement, the consumer can see expenses that he does not remember he made.

· The consumer contacts the bank and makes a claim to chargeback.

· The bank, in turn, requires a refund of the payment from the merchant.

· Merchant disputes chargeback.

· In order to do so, the merchant must provide proof that the money was legally withdrawn from the buyer's account.

This dispute between a merchant and a bank is a very annoying procedure that is canceled by the VMPI. Thanks to this advanced tool, the bank first sends a request for the details of the transaction, before debiting money from the client's account. Only after receiving these details can the transaction be completed. Open account with a financial service provider that protects your money with the VMPI tool.

Guard Your eWallet with VMPI Solution

Open an account at maxpay.com with access to VMPI and other useful anti-fraud software. Use the benefits of financial service by MaxPay:

· Online account with this international payment gateway provider will allow you to run a legal business in Europe without any fear of chargebacks.

· You can keep money in your eWallet in EUR and USD for financial operations with different countries.

· Get VMPI solution for really low cost: just 14 EUR per one alert. Other companies will charge you twice more for this service.

· You will get access to the best risk management software by Covery that detects fraud not after it occurs, but in advance.

E-commerce is actively developing. Along with it, the mechanisms that protect entrepreneurs are being improved. The VMPI tool is one of the newest and most advanced tools that today's financial services market has to offer. Take advantage of its benefits to make the problem of chargebacks gone from your reality forever.

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