NEW & NOTEWORTHY
This new risk management technique can stop chargebacks from happening — guaranteed.
RDR FROM KOUNT
Rapid Dispute Resolution (RDR) revolves around a simple idea: if a disputed transaction is refunded, a chargeback is no longer necessary. Just decide which disputes you are willing to accept liability for — such as cases with certain reason codes or transactions under a given dollar amount. Then the bank will automatically refund any dispute that meets your chosen criteria.
The cardholder contacts the bank to dispute a transaction.
The cardholder’s bank activates the RDR workflow.
The technology consults your pre-set rules to determine whether or not the transaction should be refunded.
The qualifying transaction is automatically refunded on your behalf.
The case is closed. A chargeback is no longer necessary.
All chargeback prevention solutions come with clear benefits such as keeping chargeback counts low, improving the customer experience, identifying issues quickly, and saving fulfillment costs. But what are the unique qualities that make RDR so useful?
RDR is one of only two chargeback prevention tools that comes with a guarantee. If you refund the disputed transaction, Visa guarantees the case won’t advance to a chargeback.
RDR automatically refunds cases that fit your criteria. Real-time resolution means you don’t have to worry about expired cases or missed opportunities.
You have complete control over what is and isn’t refunded. Set rules that yield the best results for your business. Easily adjust filters as your needs and goals change.
WHY USE KOUNT FOR RDR?
If you use Kount to manage RDR, you’ll get a great chargeback prevention solution plus additional benefits you won't find anywhere else.
The more solutions you use, the greater your protection will be. But keeping track of everything can be a challenge — unless you have all your solutions in one place.
Have questions about new rules and processes? Want advice on improving your strategy? We can help. The Kount team is always willing to share advice and information that will help you achieve better outcomes.
Rapid Dispute Resolution is a useful chargeback prevention solution, but its real value is realized when the solution is incorporated into a broader management strategy. The more complete your strategy, the greater revenue protection you’ll have.
Kount offers a complete chargeback management strategy so you can achieve the best results with the greatest efficiency possible.
ANSWERS & INSIGHTS
When you enroll in RDR, you’ll set filters (or rules) for refunds. For example, maybe you want to refund all cases with reason code 10.4. Or maybe you only want to issue a refund if the dispute amount is below $20.
RDR cases that do not fall within the defined ruleset will continue through the standard chargeback process. From there, you can decide whether or not you want to fight the chargeback.
Yes! You can change your RDR rules at any time. However, updates might not be immediate. It can take a week or so for the new rules to be adopted.
RDR has a very high adoption rate amongst global issuers. Visa estimates that issuer adoption covers 97% of U.S. disputes and 83% of global disputes.
Pricing for all prevention tools is decided by the vendor that created them. In the case of RDR, pricing is set by Verifi.
Fees are assessed on a per-case basis, regardless of whether or not a refund was issued.
The fee amount varies by pricing tier. The three pricing tiers for RDR are set by merchant category code (MCC). Your business’s MCC will dictate how much you pay per RDR case.
When you sign up for a demo of RDR, our sales representative will calculate more specific pricing for your business.
We estimate that RDR is able to stop about 90% of Visa chargebacks. So there are about 10% of cases that are susceptible to chargebacks. And there are three main reasons why.
If you think your RDR coverage isn’t as good as it should be, our support team can investigate and help troubleshoot.
GET STARTED TODAY
Companies all over the world use Kount to prevent chargebacks with RDR. Will you be next? Sign up for a demo today, and see how our technology delivers confidence in every interaction.