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What is a credit card chargeback?
Credit card chargebacks are initiated when you request a transaction reversal through your issuing bank. Because chargebacks can be detrimental to a business, it is very important you attempt to resolve any issues you may have with the merchant before requesting a reversal. Otherwise, you may be inadvertently committing illegal fraud.
As a merchant, you might feel like the chargeback process is weighted against you. It can seem as though, with just a single call to his or her bank, a customer can snatch back the money from a completely legitimate sale, leaving you with the burden of proof to gather and present evidence that you're entitled to keep the proceeds from that transaction.
Full Text:
https://www.chargebackgurus.com/blog/what-rights-do-merchants-have-in-credit-card-chargebacks
©Chargeback Gurus 2020
Production: Tyler DeLarm
Narration: Phil Claffey
What is a credit card chargeback?
Credit card chargebacks are initiated when you request a transaction reversal through your issuing bank. Because chargebacks can be detrimental to a business, it is very important you attempt to resolve any issues you may have with the merchant before requesting a reversal. Otherwise, you may be inadvertently committing illegal fraud.
As a merchant, you might feel like the chargeback process is weighted against you. It can seem as though, with just a single call to his or her bank, a customer can snatch back the money from a completely legitimate sale, leaving you with the burden of proof to gather and present evidence that you're entitled to keep the proceeds from that transaction.
Full Text:
https://www.chargebackgurus.com/blog/what-rights-do-merchants-have-in-credit-card-chargebacks
©Chargeback Gurus 2020
Production: Tyler DeLarm
Narration: Phil Claffey