Glossary
Ethoca Eliminator
Ethoca Eliminator is a collaborative tool developed to enhance transparency and reduce fraudulent chargebacks in the realm of electronic transactions. It functions by enabling merchants to share detailed transaction data directly with issuing banks. This proactive sharing of information is crucial when a customer initiates a dispute or questions a charge on their statement.
Here's how Ethoca Eliminator works:
The system benefits both merchants and banks by reducing the costs and administrative burden associated with handling chargebacks. For customers, it improves the post-purchase experience and trust, as they receive immediate clarifications and reassurances about their transactions directly from their bank. Ethoca Eliminator represents a significant step towards more secure and transparent credit card transactions, aiming to bridge the information gap that often leads to disputes and chargebacks.