Chargeback Process Clause Samples
The Chargeback Process clause outlines the procedures and requirements for disputing and reversing charges in the event of unauthorized or incorrect transactions. Typically, this clause details the steps a party must take to initiate a chargeback, such as providing notice within a specified timeframe and submitting supporting documentation. Its core function is to protect parties from fraudulent or erroneous charges by establishing a clear, standardized method for resolving payment disputes.
Chargeback Process. Without limiting Bank’s chargeback rights under the provisions of Section 8.1, prior to effecting a chargeback pursuant to such Section, Bank shall employ its ordinary course dispute resolution procedures applicable to chargebacks (which procedures will be no less favorable in any material respect to Retailer than the dispute resolution procedures generally used by Bank with respect to its other private label and co-brand program partners) to assess the claims of the Cardholder and Retailer’s response thereto. Bank shall designate a representative of Bank to facilitate such process, including working with Retailer in any case in which Retailer reasonably believes the basis for a particular chargeback is invalid or has been corrected (in either case, based on new or additional information not previously requested by Bank).
Chargeback Process. Regardless of whether You respond to a transaction documentation request, a Chargeback may be debited to Your Settlement Account for numerous reasons (see below). If the Card Issuer submits a Chargeback, We will send You a Chargeback notification, which may also include a request for transaction documentation. Due to the short time requirements imposed by MasterCard, Visa and Discover Network, it is extremely important that You respond to a Chargeback notification and transaction documentation request within the time frame set forth in the notification. Do not process a Credit transaction once a Chargeback is received; the Card Issuer will Credit the Cardholder’s account If the information You provide is both timely and, in our sole discretion, sufficient to warrant a representment of the transaction and/or reversal
Chargeback Process. Flexiti may charge back to Merchant any Credit Transaction which Flexiti has taken reasonable steps to collect upon and reasonably deems to be uncollectible as a result of an Unresolved Cardholder Dispute, Improper Sales Procedures, or a breach of Merchant’s representations, warranties, obligations or covenants under this Agreement (each, a “Chargeback”) after providing Merchant with notice of its intent to charge back the transaction and providing Merchant at least thirty (30) days to respond, and in the case of an Unresolved Cardholder Dispute, the opportunity to attempt resolution directly with the Cardholder. Merchant has the option of escalating any Chargeback related matter to the Program Committee and/or Executive Committee. Flexiti may provide an invoice for such amount, which Merchant shall pay in accordance with paragraph 2.6(b).
Chargeback Process. Regardless of whether You respond to a transaction documentation request, a Chargeback may be debited to Your Settlement Account for numerous reasons (see below). If the Card Issuer submits a Chargeback, We will send You a Chargeback notification, which may also include a request for transaction documentation. Due to the short time requirements imposed by MasterCard, Visa and Discover Network, it is extremely important that You respond to a Chargeback notification and transaction documentation request within the time frame set forth in the notification. Do not process a Credit transaction once a Chargeback is received; the Card Issuer will Credit the Cardholder’s account If the information You provide is both timely and, in our sole discretion, sufficient to warrant a representment of the transaction and/or reversal of the Chargeback, We will do so on Your behalf. However, re-presentment and/or reversal is ultimately contingent upon the Card Issuer and/or Cardholder accepting the transaction under applicable Association guidelines. Re-presentment or reversal is not a guarantee that the Chargeback has been resolved in Your favor.