Credit Card Chargeback
Understanding Credit Card Chargebacks and Fraud
Credit card chargebacks occur when a customer decides to question a charge on their credit card statement with their Credit Card Company or bank. While chargebacks happen for a variety of reasons, the most common reason is that a customer no longer wants the service or product sold to them. While the chargeback process may…
Read MoreWhat is a chargeback?
A chargeback is a reversal of a credit-card transaction — not because the product was returned or because the sale was never completed, but because there was some problem processing the transaction. Often, a chargeback means the merchant ended up providing a product or service for free — and had to pay the merchant bank…
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