Update Your Information and Improve Your Cash Flow
Chargebacks occur when you deposit a cheque to your business deposit account that is subsequently returned by your payor's bank. They are an unavoidable reality that can have an enormous impact on your cash flow.
With RBC Global Services' Electronic Chargeback Reporting service, you can turn the intensive manual process of dealing with chargebacks into an easy automated process by receiving an electronic data file or report file of information for chargebacks.
If you want to:
Update your own database, quickly and conveniently, with information on the items that have been returned to you, including the reason for the return
Find out about returned items sooner so that you can take action
Streamline your processes by automating updates
Better manage your cash flow
Improve your billing by returning the item to your billing stream sooner
For more information about how Electronic Chargeback Reporting or any of our cash management solutions can benefit your business, contact us.
