If you clicked on this article, it’s either because you have no idea what a credit card chargeback is or because you’re looking for ways to avoid one.
Card networks, banks, and all other parties involved in the payment processing ecosystem are always working to combat fraud and losses. The chargeback process is one such mitigation measure.
In this article you will learn:
Many merchants and restaurateurs, through no fault qatar whatsapp number data of their own, have no idea what a chargeback is, why it happens, what to do when it happens, and how to avoid it.
Based on our experience with retail and restaurant Δημιουργήστε εμπιστοσύνη με τις μαρτυρίες πελατών POS systems and payment processing, we wanted to share with you everything you need to know about credit card chargebacks for your establishment.
what is a credit card chargeback
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What is a credit card chargeback?
A credit card chargeback – also called a agb directory chargeback – occurs when a customer disputes a charge (or charges) on their credit card after purchasing goods or services from your business and requests that the card issuer reverse those charges.
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The chargeback process is initiated by the card issuer (MasterCard, Visa, Discover, Union Pay, etc.) reversing the original sale. Banks and payment processors are required to follow the rules imposed by the credit card companies.
The primary purpose of credit card chargebacks is to protect buyers from unauthorized transactions.
She finds her favorite dish on the restaurant’s website, adds it to her cart, uses her credit card to pay for the order, and relaxes while waiting for her much-desired dish to arrive.