chargeback
- noun
- /ˈtʃɑrdʒˌbæk/
- Specialized
- Virtual goods trading is arguably a perfect market for Bitcoin; with digital goods, traditional methods of payment offer no protection from chargebacks.
And this idea that you charge these people higher rates because of supposed chargebacks on credit cards, even if their chargebacks are low.
- And this idea that you charge these people higher rates because of supposed chargebacks on credit cards, even if their chargebacks are low.
- And I think, let's see, if you're Dan, you don't want chargebacks, but Jack still wants them.
Examples
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Many consumers are unaware that they have the right to request a chargeback for purchases they did not authorize.
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If they a take a credit card, there might be a chargeback, there might be fraudulent purchases.
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Go immediately to your PayPal account and request a chargeback; call your bank and request a refund.
Blog text (1) -
From educating business owners on how to prevent fraud and chargebacks to explaining some of the most common credit card processing problems, Instabill provides excellent solutions and expert support.
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If you believe there was an error in your transaction, you can request a chargeback through your bank.
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After disputing an unauthorized transaction, I successfully received a chargeback from my credit card company.
Synonyms
Money paid back to someone for costs they paid
Money you return after you borrowed it
To pay back money to someone who is unhappy or paid too much
A complete return of the money you paid for something
To take back money already paid, often by law
A payment returned to customers as a reward
To get back money that you lost or paid out
Surface Forms
Morphology
Etymology
Chargeback comes from putting charge ('a cost or bill') and back ('return') together, which gives a clear image of money being sent back. So a chargeback is when a bank or card company reverses a payment and returns the money after a dispute or error.