Archana

• Oct 4th, 2005

 

The process of taking back, or debiting, the merchant's credit card funds after the funds have been paid to the merchant. This occurs when a customer disputes a credit card transaction. The merchant must respond to the charge back and provide proof that the product or service was provided to the customer.

Gopichand

• Oct 7th, 2005

 

Chargeback refers to closing the original Transaction that has become overdue and raising a new transaction in its place.

sdsmt

 Profile Answers by sdsmt Questions by sdsmt

• Mar 20th, 2008

 

Chargebacks: A new debit item which we assign to a customer while closing a existing, outstanding debit item is known as 'Chargebacks'.