Name of business receiving payment should match business name on credit card statement.
We were dealing with massive credit card fraud and had to go through every purchase on our credit card statement for several months. The name of the business we were working with was different on our statement, so we reported it as fraudulent. We quickly resolved the error with our bank, but QuickBooks froze all transactions for the business. QuickBooks made this transaction incredibly frustrating.
Sara Stieve
shared this idea
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Khizer Ali commented
For businesses in UAE Free Zones, such as Dubai Free Zone, Ajman Free Zone, Sharjah Free Zone, and Abu Dhabi Free Zone, ensuring that the name of the business receiving payments matches the name on credit card statements is essential. This helps avoid disputes, reduces the risk of flagged transactions, and ensures seamless payment processes.
This is particularly crucial for free zone business setup consultants in Dubai and other emirates, as it helps maintain client trust by providing accurate financial records. Firms offering business setup services in UAE Free Zones benefit from improved client relationships and smoother banking interactions when payment transparency is prioritized.
Implementing this feature would significantly enhance the efficiency and security of financial transactions for businesses across UAE Free Zones, making payment processes more reliable and less prone to errors or fraud allegations. If you need further suggestions or assistance, feel free to ask us at https://g12.ae/business-setup-in-uae-free-zone/