What is a Chargeback?

A chargeback is the procedure by which a Sales Draft or other indicia of a Card transaction (or disputed portion thereof) is returned to the bank or Issuing Bank. for failing to comply with Association Rules. The liability is the Client’s responsibility.

Electronic Merchant Systems Payment Processing Glossary :

Defining key payment processing and merchant services industry terms to help business owners make better decisions.

 

 

 

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