Which of the following can help prevent chargebacks?

• A. Using multiple payment methods
• B. Ensuring credit card information matches the renter's name
• C. Offering discounts for early payments
• D. Extensive advertising campaigns

Answer: (B)

Ensuring that credit card information matches the renter's name is an effective measure to prevent chargebacks. Chargebacks often occur when there is a discrepancy between the account holder's information and the details provided during the transaction. By verifying that the credit card details align with the renter’s name, businesses can reduce the risk of fraudulent transactions. This verification process helps in confirming the identity of the cardholder, deterring unauthorized use and minimizing disputes that can lead to chargebacks.

The other options may contribute to overall business success or customer satisfaction, but they do not directly address the issue of chargebacks as effectively as verifying credit card information does. For instance, using multiple payment methods could provide flexibility to customers, yet it does not inherently minimize the risk of disputes. Offering discounts for early payments may incentivize timely transactions but does not prevent the possibility of chargebacks from occurring. Extensive advertising campaigns can enhance visibility and attract customers but would not influence the legitimacy of the transactions nor reduce the likelihood of chargebacks.