What Is A Credit Card Chargeback?

As a user of credit cards or other banking products, your ability to issue a chargeback is one of the most important tools you have to resolve billing disputes and undo fraud. But the term may be foreign to you if you've never had to do it.

Here's what you need to know. Click on the link to know more about credit card chargeback: https://anynote.co/post/40894_in-this-post-you-will-know-about-credit-card-chargeback-in-a-simple-way-chargeba.html

What Is a Chargeback?

A chargeback is an action taken by a bank to reverse electronic payments. It involves reversing a payment and triggering a dispute resolution process. Generally, chargebacks occur between a merchant and a credit card issuing bank or a consumer. However chargebacks are sometimes issued against consumers, for example in the case of an erroneous ATM deposit. Usually chargebacks are used to reverse a payment in the case of a billing error, unauthorized credit card use or failure to deliver a product or service.