From time to time, when Bolt approves a fraudulent transaction, the cardholder will reach out to you to inform you that the order is fraud and to ask for a refund.
If you receive such contact from the cardholder, you are not required to take any action as Bolt will happily cover the liability for the cardholder’s chargeback. However, Bolt offers rewards to merchants who:
Because the above actions reduce Bolt’s fraud liability, merchants who take the above actions are rewarded with the following:
Bolt may ask for evidence of carrier fees or cancelled shipments prior to issuing the credits.
There are cases when the reward will not be applied. If the fraudulent order has already been delivered, and merchant has refunded the customer, then we will refund the merchant the net amount of the order. The merchant will not receive the credits outlined above.
If a dispute has already been filed by the customer and Bolt is liable for the fraudulent order, no further action is needed from the merchant, and no rewards apply. Bolt will indemnify the order per our standard policies.