The redistribution of expenditures to the units within a company that gave rise to them. Scope Notes: Chargeback is important because without such a policy, misleading views may be given as to the rea [..]

A credit card chargeback occurs when a charge is reversed, returning credit to a credit card customer from a merchant. There are several parties involved, since a return transaction goes through the customer's bank, the credit card processing interchange (such as Visa or MasterCard) and the merchant's bank. Consumers can sometimes initiat [..]

A chargeback is the reversal of the dollar value, in whole or in part, of a particular transaction by the card issuer to the acquirer, and usually, by the merchant bank to the merchant. Chargeback’s a [..]

When a customer does not receive his goods or services or says he didn’t place an order or make a purchase, he can ask his issuing bank to charge back the purchase to the merchant within a 60-day timeframe. The issuing bank will notify the merchant when this happens, after which the merchant will need to validate and defend the purchase by providin [..]

A manufacturer's bill to a retailer if the retailer fails to meet stated performance requirements.

  The return of funds by the credit card merchant to a customer when a customer disputes a charge on his or her credit card statement. When a chargeback occurs for a ticket transaction that was proces [..]

When a customer’s bank reverses a card transaction, removing the amount previously credited to the merchant and returning it to the customer who carried out the transaction with their card. This can happen in the event of fraud, processing errors and disputed transactions.

A process in which the card issuer can call back a transaction either in full or in part. The chargeback applies if a card holder disputes having performed a card transaction. In this case, the issuer files an objection with the acquirer and demands that the transaction amount be returned from the merchant's account.

chargebacks are becoming more common these days as customers become more specific with their agreements with suppliers. A chargeback is basically a financial penalty placed against a supplier by a cus [..]

The act of reversing a sale made by the merchant. This can happen for many reasons including procedural and fraud. The process usually begins with a dispute from the cardholder.

A transaction that is challenged by a cardholder or card issuing bank and is sent back through interchange to the merchant bank for resolution.

Occurs when a cardholder disputes a transaction with the card issuer. The issuer initiates a retrieval request against the merchant account and the disputed amount is withdrawn from the account until the matter is settled. The merchant is given 10 days to dispute the chargeback with proof of purchase or delivery. The merchant account provider impos [..]

A chargeback is an adjustment to a credit card account that results from the cardholder's successful resolution of a dispute with a merchant. The chargeback reverses a charge previously placed on [..]

Individuals who reside outside the Triton College district and want to enroll in a curriculum that is not offered by their local community college should apply for tuition assistance from their home d [..]

A payment card transaction where the supplier initially receives payment but the transaction is later rejected by the cardholder or the card issuing company. The supplier’s account is then debited wit [..]

A return of funds from a retailer or service provider to a consumer's bank account, line of credit or credit card, often initiated by the consumer's bank.

Result of a disputed credit card transaction – days or weeks afterwards. The result of a customer disputing a statement charge. Often the result of intoxication at transaction date, illegible signature, second thoughts on gratuity, or server/bartender closing out check unscrupulously.

Internal billing of a department for purchased products or services and other incurred costs.

Internal billing of a department for purchased products or services and other incurred costs.

A credit card transaction which is returned or not honored is called a chargeback. Usually done by the credit card holder in response to faulty products, credit card fraud, a dispute or non-compliance with the rules and regulations, chargeback restores the funds back with the credit card.

A chargeback is the return of funds to a consumer, forcibly initiated by the consumer's issuing bank. Specifically, it is the reversal of a prior outbound transfer of funds from a consumer's bank account, line of credit, or credit card.

The process of taking back, or debiting, the merchant's credit card funds after the funds have been paid to the merchant. This occurs when a customer disputes a credit card transaction. The merch [..]

A challenge to a transaction initiated by the issuer or cardholder that is returned to the acquirer for resolution.

A chargeback is a type of return that occurs when an account holder claims they did not authorize a transaction, when the account holder and the customer are not the same person (i.e., identity theft) [..]

Chargeback is a system by which the data center or the IT department in an organization bills users for the computing services they consume.

 A manufacturer's bill to a retailer if the retailer fails to meet stated performance requirements.check-in:

A card processing concept wherein a previously completed transaction is reversed. Because a customer disputes the charge on his credit card, the merchant’s bank takes back the entire value of transaction from the merchant’s account.

A chargeback occurs when a card holder disputes a credit card transaction with his or her credit card issuer. The card issuer initiates a chargeback against the merchant account. The amount of the disputed transaction is immediately withdrawn from the merchant's bank account, and the merchant has 10 days in which to dispute the chargeback with [..]

 Is a transaction that is billed back to a merchant after the sale has been completed. The Issuing bank, on behalf of the cardholder, disputes the transaction. Chargebacks must be ‘worked’ and resolve [..]

A bankcard transaction that is under dispute. This action is initiated by the card issuing financial institution to settle a financial claim between the Issuer and Acquirer. This claim may be initiate [..]

A dispute resolution process that members use to determine the responsible party in a chargeback related dispute.

Chargeback is a sum of money deducted by a credit card company from your account to cover losses for disallowed or fraudulent transactions.

A charge reversal that occurs when the customer successfully disputes the charge as being fraudulent or for an item he never received or which is substantially different than what the merchant adverti [..]

Chargeback of transactions by the cardholder or issuer due to, for example, abusive use of payment cards.