Advertising Law Tool Kit - Tenth Edition | 2022

Venable / 53 Consider these best practices to minimize legal, regulatory, and business problems related to payment processing: • Accept cards and other forms of payment consistent with your merchant processing agreements, network rules, and applicable laws and regulations. • Handle payments, refunds, returns, and exchanges properly, and in a timely manner. • Comply with payment card industry data security and storage requirements. • Use encryption and tokenization to secure payments. • Take proactive steps to minimize fraud and cardholder disputes (chargebacks). • Continually strengthen your understanding of the payments industry and your responsibilities in accepting payments.