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Chargeback

What's the definition?
A chargeback occurs when a merchant is required to issue credit to a cardholder's account. The merchant is billed by its acquiring bank, which has been billed initially by the card issuer. This may happen for a number of reasons, but most often a chargeback is triggered by a cardholder disputing a transaction, in-whole or in-part.





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Charge card
Credit
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