Chargeback Definition
A chargeback is a consumer protection mechanism that forces a reversal of a credit or debit card transaction, initiated by the cardholder's issuing bank on thei
A chargeback is a consumer protection mechanism that forces a reversal of a credit or debit card transaction, initiated by the cardholder's issuing bank on their behalf, typically due to fraud, unauthorized charges, or disputes over goods and services. This process serves as a final line of defense for consumers, transferring the financial liability for the disputed amount, plus an associated fee, from the consumer back to the merchant.