Chargebacks Glossary

Your go-to resource for understanding payment, fraud, and banking terminology with clear definitions from Acquirer to Zero Liability


"Dipping" is the process of inserting a payment card equipped with an EMV chip into a card reader during a transaction. Unlike traditional magnetic stripe cards, EMV chip cards require insertion into the terminal instead of swiping. This initiates a secure communication between the chip and the terminal, enabling transaction authentication and generating a unique code for added security. 

Dipping leverages EMV chip technology to significantly reduce the risk of counterfeit fraud compared to magnetic stripe transactions. In regions where EMV technology is prevalent, such as Europe and parts of Asia, dipping cards have become standard practice in the payments industry. 

Widespread adoption is critical in combating card-present fraud, protecting consumers and merchants from financial losses, and fostering trust in electronic payment systems by prioritizing security and fraud prevention.

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