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Chargeback

   Also found in: Acronyms, Wikipedia 0.01 sec.
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.


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If guidelines for chargeback can be put on its website by VISA in the interest of transparency, there surely can be no objection in clarifying if the sales are valid when the sale slip is not signed by the person to whom card was issued.
lt;p>VKernel's software tools help IT analyze the impact of changes to virtual resources before they are implemented, enable chargeback processes, and monitor shared resources to optimize use of server capacity.
In that context, for merchants, avoiding a chargeback is a matter of thwarting fraudulent activity.
 
 
 
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