Faisal KhanAnswered May 5, 2015Its when the credit-card users informs his/her issuing bank to reverse a charge (or challenge a charge) because either the product/services were not delivered or damaged, or they did not order it.
What exactly is a chargeback in payments?
Faisal KhanAnswered May 5, 2015Can a company charge the final amount to a credit card on file (saved at deposit) without getting permission again?1 ansIn what respects are credit cards superior to cash or checks as payment tools?1 ansOnline Payments: What is the typical chargeback rate for U.S. merchants?1 ansWhat is the most serious consequence of signing every credit card receipt with a rocketship drawing instead of an actual signature?1 ans