A complete package for increasing your conversion rate: payment acceptance and processing, incl
What is a chargeback?
The chargeback procedure was introduced for consumer protection reasons, i.e. to protect cardholders from illicit or unwanted disbursements. It lets them recover payments that they did not personally make or intend to make. Customers usually have 120 days to initiate a chargeback.
Credit card chargebacks:
- Safeguard consumers from unapproved debits.
- Can also be abused as a form of fraud.
- Result in extra work and costs for merchants.