Chargeback definition

Chargeback means the procedure by which a Sales Draft (or disputed portion thereof) is returned to Bank by a Card Issuer because such item does not comply with the applicable Card plan's operating regulations.

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Chargeback means a request that a buyer files directly with his or her debit or credit card company or debit or credit card issuing bank to invalidate a payment.

Chargeback means a procedure in which the Issuer charges back to Paynovate all or part of the amount of a Payment Transaction.

Examples of Chargeback in a sentence

• You shall reimburse the Chargeback Amount within seven (7) days of receipt of the debit note.

• You shall furnish the Chargeback Documents within three (3) calendar days (or such other period specified by the Facility Provider) of receiving notification of the Chargeback Request.

• For the avoidance of doubt, ▇▇▇▇▇▇▇▇ shall be entitled to deduct the Chargeback Amount upon receiving a Chargeback claim.

• Provided however, if the available Transaction Amounts or other funds are insufficient for deduction of the Chargeback Amount, then ▇▇▇▇▇▇▇▇ is entitled to issue a debit note seeking reimbursement of the Chargeback Amount.

• The ‘Stipulated Percentage' is the proportion of the Chargeback Amounts out of the total Transaction Amounts settled during the subsistence of these Terms.

More Definitions of Chargeback

Chargeback means a Transaction that Bank returns to Merchant pursuant to this Agreement.

Chargeback means a transaction that is reversed or charged back to Merchant Bank Account if the transaction: (a) is disputed; (b) is reversed for any reason by one or more Payment Network(s), Processor, a Customer, or Givex’s financial institution; (c) was not authorized; or (d) is unlawful, suspicious or in violation of the terms or conditions of this Terms and Conditions.

Chargeback means a transaction disputed by a cardholder or card issuer.

Chargeback with the card issuer. The card issuer, not us, determines whether the payer is successful when they pursue a chargeback. You can find out more about chargebacks by reviewing our Chargeback Guide, accessible via the PayPal Security Centre and the section called: “Selling Safely”. The PayPal Security Centre is accessed via the PayPal website. We charge you a fee for receiving a chargeback claim. • If the payer used a bank account to fund the payment the payer or the bank could pursue a bank reversal. The amount claimed may be greater than the original amount you received due to currency exchange rate fluctuations between the time of payment and the time of the claim. • we may have to compensate your payer when they claimed that there was a problem with their payment (including that their payment was unauthorised or incorrect or that their billing agreement payment was not expected) – see Resolving Problems. • we are entitled to carry out the reversal for any other reason under this user agreement, including the provision Actions We May Take if You Engage in Any Restricted Activities.

Chargeback is a Card transaction dispute (or disputed portion) that is returned to us by the Issuer. Sub- Merchant is responsible for payment to Payment Facilitator for all Chargebacks.

Chargeback means a demand by a credit-card issuer for restitution of the loss on a fraudulent or disputed transaction by the merchant.

Chargeback means the benefits charged to an employer's account under Section 204.021.