Description:
A chargeback is a relapse of a payment amount by the issuing bank or online payment processor, generally because of the customer debating the amount. Some chargebacks happen because the online business enables fraudulent payment processing to go through. Businesses have assessed a price for every chargeback, actually for those that are changed. If a business determines to challenge a chargeback, they naturally go via a long conflict procedure. If the conflict process leads to a profitable order for the consumer, the business must refund the buyer for the cost – PowerPoint PPT presentation