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High Chargebacks and Return Rates

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GL Chargeback Hero

As a merchant, your business relies on buying and selling for you to make revenue and hit your bottom line profit goals. Usually, your payment processing should go off without a hitch. Your customers pay you for your goods or services, you keep the money, and they are satisfied with their purchase. However, sometimes credit card transactions are not that simple. In some instances, the customer will call back and dispute the charge with their credit card company. Without strict receipts and organized accounts, your business type may end up having to pay that money back to the credit card collector, also known as a chargeback.

Every company has a different chargeback number and rate. A higher rate can lead to higher fees or problems getting certain credit card processors to trust your business. You want to establish a positive reputation with your customers and be a trustworthy merchant account provider for payment processors. Getting your chargeback rate under control, especially in a high-risk industry is one of the most important steps you can take towards gaining that trust back with the people and with financial institutions. Here are a few things you should know about how chargebacks work, finding your own rate, and avoiding the consequences of a high rate.

How Reserve Funds Work

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GL Reserve Fund Money Hero

A reserve fund is essentially an amount of money that’s set aside for a particular purpose. You can think of reserve accounts as being akin to a savings account or other liquid asset. The most common variety of these funds that merchants deal with is the percentage of processing volume that payment processors and acquiring banks will hold to protect against chargeback instances or to cover other financial obligations.

What Are ISO and MSPs?

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GL Payment Merchant hero

At Global Legal Law Firm, we are industry leading, experienced Payments attorneys whose combined 30 plus years of expertise in complex business litigation and commercial collections marks our expertise in this niche area of legal practice. Since 2008, we’ve established ourselves as experts in not only electronic payment litigation across the country, but also in commercial collections. We represent a wide variety of clients including card brands, agents, sub-agents, processors, and, of course, independent sales organizations (ISOs), and sub-ISOs.

Everything You Need to Know About Securities Litigation

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GL Securities Litigation Hero

Securities litigation is a complex law practice requiring expert attorneys who understand the different layers and complexities of business litigation. At Global Legal, we have skilled lawyers with extensive experience in all forms of complex business litigation, including electronic payments, M&A litigation, commercial collections, corporate planning, and securities litigation. Though our law firm is located in San Diego, we practice throughout the United States. Our intricate knowledge of business operations and types of litigation means that our attorneys generally won’t require the standard hours of research before defending a case, whether it’s a securities class action, Securities and Exchange Commission (SEC) Rules and Regulations enforcement, derivative actions, or a customer dispute case.

Before diving into our securities litigation practice and exactly how we can help, it’s important to know the basics. Here are the most crucial things that plaintiffs and defendants alike need to know about securities litigation in the U.S.

What Are Trade Secrets and How Are They Protected?

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GLL Blog TradeSecrets

Everyone has secrets, things we keep to ourselves or only entrust to our closest confidantes. It’s natural to want to have some confidential information you only share with a trusted few who know the importance of secret protection. Secrets come in respect to all levels of importance. Whether it’s the way you fold your socks or the fact that you dislike mayonnaise on sandwiches, you want to know that if you share confidential information with someone, it will be kept safely under wraps.

The same is true for trade secrets, like patents or other important secrets held by businesses. Trade secrets are confidential as they generally have a great deal of economic value. Misappropriation of trade secrets is a very serious problem for businesses of all sizes, both nationally and globally. Every business, just like any individual, needs to count on the secrecy of their highest-valued information being kept by those with knowledge of the trade secret. Therefore, when trade secrets or other secret information that belongs to a United States business is subject to misappropriation, it often leads to litigation in a United States court of law.

White Collar Crime: Here’s the Type of Lawyer you Need to Hire

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GLL Blog WhiteCollarCriminal

When you think of someone who has committed white-collar crime, you might be thinking of someone in a fancy business suit who has cheated people out of their well-deserved money. This is a hyperbolic portrayal, and it’s far from the typical truth. White-collar crime comes in a range of forms, from embezzlement or insider trading to tax evasion or bribery, and many more. While some may dismiss white-collar crime as an informality, these offenses are actually quite serious.