What Is a Chargeback and What Do They Mean for Business Owners?

What Is a Chargeback and What Do They Mean for Business Owners?

Chargebacks protect consumer interests by allowing customers to receive a credit card refund on fraudulent transaction amounts or insufficient purchases. An example of an insufficient purchase might be a missing delivery or an item that is damaged. All credit card chargebacks begin when a customer disputes a charge. The initial dispute may result in a merchant refund instead of a chargeback. Merchant refunds involve a business directly refunding a customer. … Continue reading “What Is a Chargeback and What Do They Mean for Business Owners?”