When evaluating payment-processing options, carefully consider all the payment options your customers are likely to use. Clearly communicate this upfront so that buyers can start the checkout process with confidence.

3. Stop fraud in its tracks

Fraud is a serious concern for online buyers and sellers. According to Experian, online-shopping fraud rose by 30 percent from 2016 to 2017 alone. As such, any payment-processing system you use must have solutions in place to counteract fraud. After all, each chargeback fee hurts your bottom line.

In addition to upgrading your website’s security to prevent data theft, brand owners should use payment processors that can identify and block fraudulent payments. Even basic fraud filters can go a long way in helping you avoid chargeback fees.