Board pack: what to include and how to send it out on time
A board pack gives directors what they need to make decisions before the meeting. What belongs in a board pack, how far ahead to circulate it, and how to keep it short enough to be read.
A chargeback is decided on the evidence submitted before a deadline. Most are lost not on the merits but because the pack was thin or late.
A chargeback is a forced reversal of a card payment, initiated by the cardholder’s bank rather than by the merchant. The money is taken back from the merchant’s account, usually with a fee, and the merchant then has a limited window to dispute it by submitting evidence. That process — representment — is where the outcome is decided.
It helps to be clear about what a chargeback is not. It is not a refund: a refund is the merchant returning money voluntarily. It is not a complaint: by the time it arrives, the customer has gone to their bank instead of to you. And it is not usually a judgement about who is right — it is a decision on documents, made by people who were not there.
The second and last categories are the ones a merchant can reduce without touching fraud tooling: a recognisable billing descriptor, a clear cancellation path, and an obvious support route are cheaper than winning disputes.
Representment is a documents exercise with a deadline, usually short. What counts depends on the reason code, and submitting the wrong evidence for the code is as bad as submitting none. Typically useful: the order record with date and amount, proof of delivery or of service access, the terms the customer accepted, the refund and cancellation policy as it was shown at purchase, and the communications with the customer.
Watch the ratio, not just the losses. Card schemes run monitoring programmes based on the proportion of transactions disputed; crossing a threshold brings fees, mandatory remediation and, eventually, loss of processing. A merchant can be profitable and still be removed for a chargeback rate.
Ettex is not a payment processor and does not fight disputes: the case is submitted through your acquirer or gateway. What it can do is the part that decides the case — assembling the evidence. Ettex PDF collects the order record, delivery proof, terms and correspondence into a single ordered file with the version that was submitted preserved, so the pack is built from records rather than reconstructed under a deadline. Where the underlying problem is an unpaid or disputed invoice rather than a card dispute, that is a different process.
It varies by scheme and acquirer, commonly one to three weeks from notification. The deadline is set by the acquirer and missing it forfeits the dispute regardless of the merits.
A refund is the merchant voluntarily returning money. A chargeback is the issuing bank reversing the payment on the cardholder’s instruction, with a fee and a dispute process attached.
A chargeback filed by a genuine cardholder for a purchase they actually made — often through confusion about a billing descriptor, sometimes deliberately to obtain goods without paying.
Sometimes, through pre-arbitration and arbitration, but the costs rise at each stage and can exceed the disputed amount. The economics usually favour prevention and a strong first response.
A board pack gives directors what they need to make decisions before the meeting. What belongs in a board pack, how far ahead to circulate it, and how to keep it short enough to be read.
A certificate of conformance is a signed statement that goods meet the purchase order, drawing or standard. What a CoC must contain, how it differs from a mill test report, and how to issue one per shipment.
A share certificate proves what the register already says. When the two disagree, the register wins — which is why the register is the thing to maintain.