Chargeback


May 21, 2020

A demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction. The transaction is disputed by the cardholder or issuer and Charges can be disputed for many reasons. A cardholder may have been charged by a merchant for items they never received, a merchant could have duplicated a charge by mistake, a technical issue may have caused a mistaken charge, or a cardholder’s card information may have been compromised.