Reduces Chargeback Risk
Chargebacks and refunds can be the downfall of certain companies where customers have to book and pay online or over the phone. Companies, in particular, can get hit fees and chargebacks, and lose out in revenue, which can significantly affect their bottom line.
Our Pay-By-Text solution, however, mitigates this chargeback risk in a number of ways. First, it protects a business’s assets and secures payments by enabling text-payment validation of credit cards or phone numbers.
Two-way text messaging after a payment creates an easy communication stream, ensuring customer questions are answered, which can deter them from canceling. Customers who have a problem with their purchase, or need a quick answer to a question about their purchase, can send a simple text message back to that company. By leaving a voicemail, or sending an email, a business may not be able to solve the problem quick and efficiently, and potentially lose the sale. These other methods aren't as effective b/c the customer is not as responsive.
Post sale communication is key to reducing chargeback risk after bookings. Pay-By-Text Solution not only streamlines the purchase process but keeps a direct line of contact with the customer during their stay. By texting upgrades, check-in times, and activities, guests can be connected at all times.