Chargeback


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Chargeback

A refund made by a credit card company to a credit card holder. Chargebacks occur when a card holder disputes an item on one's credit card statement, usually because he/she claims that he/she never authorized the charge. For example, if a person is a victim of identity theft because someone stole and used his/her credit card, that person may receive a chargeback on all unauthorized transactions. Other reasons for receiving a chargeback include receiving goods late or damaged, or not receiving them at all.
References in periodicals archive ?
Our solutions can directly impact our customer's ROI," says Chargeback Gurus Founder Suresh Dakshina.
But increasingly, cardholders are requesting chargebacks for things that can no longer be returned or that they simply don't want anymore.
And they keep good records so they can more effectively counter chargeback disputes when they arise.
Riskified's 100% chargeback guarantee gives us great peace of mind that our business is well protected.
The seminar covered all chargeback types and related issues using numerous case studies and teamwork exercises as well as card brand daily reconciliation and settlement.
By the time it's all over, disputing a chargeback might actually cost the merchant more than the cost of the lost product or service.
A computer department's level of maturity generally influences an organization's immediate need for a chargeback system.
DMS bolts-on to merchants' existing Acquirer and Payment Gateway, so merchants can benefit from a detailed electronic record and audit trail of merchant chargeback and RFI history, regardless of acquirer or existing gateway.
More than half (51 percent) of digital goods merchants expect fraud and chargeback costs to increase over the next 12 months.
4 million in chargebacks "without providing a comprehensive itemized accounting or explanation," as reported in Women's Wear Daily, a sister publication of HFN.
93-90, the IRS found no minimum gain chargeback resulted if a partnership holding property subject to nonrecourse debt terminated through the sale of 50% or more of capital and profits interest.