Settlement
The process of transferring sales/credit amounts between acquirers and issuers, including debiting a cardholder's account and crediting a seller's account.
Welcome to our Chargebacks Glossary! This page is your go-to resource for understanding the terminology used in the chargebacks industry. Whether you're a merchant, financial institution, or consumer, our glossary provides clear definitions of key terms, from "Acquirer" to "Zero Liability Policy."
The process of transferring sales/credit amounts between acquirers and issuers, including debiting a cardholder's account and crediting a seller's account.