Chargeback
A bank-enforced refund for an amount or action disputed by either the cardholder or the card issuer. A chargeback will cause the amount of the original sale to be temporarily reversed, pending any input from the seller.
Your go-to resource for understanding payment, fraud, and banking terminology with clear definitions from Acquirer to Zero Liability
A bank-enforced refund for an amount or action disputed by either the cardholder or the card issuer. A chargeback will cause the amount of the original sale to be temporarily reversed, pending any input from the seller.
