Chargeback
/ˈtʃɑːrdʒˌbæk/
Definitions
- (n.) A demand by a credit card issuer to reverse a credit card transaction, usually due to fraud or dispute.
The merchant faced a chargeback after the customer disputed the transaction.
- (v.) To initiate a reversal of a credit card transaction.
The bank decided to chargeback the disputed payment to the merchant.
Forms
- chargeback
- chargebacks
- chargebacked
- chargebacking
Related terms
See also
Commentary
Chargebacks are common in payment processing disputes and require clear contractual terms to manage liability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.