Reducing Chargebacks & Fraudulent Bookings
Reducing Chargebacks & Fraudulent Bookings
What is 3DS2?
3DS2 is a fraud prevention solution that authenticates the cardholder’s identity at the time of purchase. This fully covers you from liability and shifts the full responsibility for fraudulent transactions to the card issuer.
- Faster checkout times
- Added security
- Improved sales
- Better customer experience
How does 3DS2 work?
3DS2 provides additional fraud protection by analysing the merchant’s contextual data and promoting cardholders to verify their identity.
- Better intelligence
- Faster authentication
- A stronger checkout experience
Fraud protection in the hotel industry
Chargebacks are a common issue for hoteliers and can lead to the loss of thousands of dollars in hard-earned revenue. How do chargebacks occur? This often happens when a guest disputes a transaction after their stay, claiming that the charge was not authorised. Another common scenario is when a guest makes a last-minute cancellation and doesn’t agree with the property’s cancellation policy.
Protect Yourself from Chargebacks and Fraudulent Bookings
Stop losing money through no-show bookings & chargebacks. Newbook Payments now offers 3DS2 protection, so your property will be protected against chargebacks, fraudulent bookings and more.
