Chargeback

The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement.

Customers dispute charges to their credit card usually when goods or services are not delivered within the specified time frame, goods received are damaged, or the purchase was not authorized by the credit card holder.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Chargeback — A chargeback is the return of funds to a consumer, forcibly initiated by the consumer s issuing bank. Specifically, it is the reversal of a prior outbound transfer of funds from a consumer s bank account, line of credit, or credit card.… …   Wikipedia

  • chargeback — /chahrj bak /, n. Banking. a debit to a depositor s account for an item that has been previously credited, as for a returned bad check. [CHARGE + BACK2] * * * …   Universalium

  • chargeback — noun A reversal of an accounting entry, especially of a disputed credit card transaction …   Wiktionary

  • Chargeback —    A fee charged to a vendor by a retailer for one or more of the following reasons: late shipment, improper shipping method, mislabeled merchandise, advertising fee, incomplete order, poor quality, and/or returned merchandise by customers.… …   Historical Dictionary of the Fashion Industry

  • Chargeback —   An ISO term. An issuer generated reversal of all or a portion of an amount previously posted to a cardholder account …   International financial encyclopaedia

  • chargeback — /chahrj bak /, n. Banking. a debit to a depositor s account for an item that has been previously credited, as for a returned bad check. [CHARGE + BACK2] …   Useful english dictionary

  • Chargeback insurance — refers to insurance coverage protects merchants who accepts credit cards. The coverage protects the merchant against fraud in a transaction where the use of the credit card was unauthorized, and covers claims arising out of the merchant’s… …   Wikipedia

  • Merchant account — A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of credit… …   Wikipedia

  • Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …   Wikipedia

  • Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

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