A disclosure, sometimes called a disclosure statement, is a way for a business to make certain information known to the customer at the time of purchase and acknowledged by a signature. Disclosures are typically written in plain language to ensure the customer clearly understands the statement that they are signing. Typically,a disclosure is provided before a financial transaction to explain the terms and conditions involved in accepting the transaction; once signed, both parties enter into a contract with each other.
The general purpose of a disclosure is to make clear the terminology, terms, conditions, exclusions, and inclusions of a contract.. This statement conveys the intentions, obligations, and duties of the organization to the customer. This also gives the customer the opportunity to ask questions regarding the product or services they will be receiving. After agreeing to the terms of the disclosure, the customer will sign the disclosure to accept the terms and conditions and or to acknowledge that they are satisfied with the service received.
If 81% of chargebacks are fraudulent, then criminals know exactly what shortcomings in your operations or paperwork to identify so they receive a free move, HVAC system, or transmission. The problem is you don’t know who is looking to acquire your services free of charge, and therefore must treat everyone the same.
By creating custom disclosures at checkout that require additional signatures, this allows your business to confirm delivery in full, of your products and or services, and that the customer was satisfied with the delivery. The key is to provide statements with signatures for all of the most common chargeback claims.
These disclosure will deter most fraudulent claims by eliminating all the common loopholes. If a customer does attempt to submit a chargeback, Sky can easily produce documentation and disclosures that counter this claim so that your business does not fall victim. These disclosures are embedded into Sky’s operations suite of software and are essential to deliver results.
If you are a small to medium-sized business looking for financial and banking services for your business, look no further than SKY Systemz. Our Operationz and Business Management Suites of software are versatile and can handle all of your digital payments and business operating needs. Not only do we provide the most versatile software available on the market, but we also offer “Pass the Fee" built right into your dashboard. Passing the Fee allows your customers to pay credit card processing fees, instead of cutting into your bottom line. This is optional but almost half of Sky merchants utilize this feature. If Pass the Fee is not for you, we still offer the lowest rates in the industry. If you process at least $20k a month, we are willing to negotiate customer pricing.
At Sky, we’d like to offer a 30-day challenge! Sign up for free with no contracts or commitments. If after 30 days you aren’t satisfied with our software, services or rates, no hard feelings! You can simply let us know you’d like to discontinue services, but we don’t think you’ll want to switch back! To get started, please fill out the request form below and a member of our team will contact you within the next 24 hours!
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