Chargebacks definition
Examples of Chargebacks in a sentence
Any of the situations described under Refunds, Reversals and Chargebacks are situations that could result in us placing a hold on a payment.
If Merchant does not respond or responds late to a Retrieval Request, Merchant may be without recourse as Chargebacks for “non receipt of requested item” in most cases, cannot be reversed.
All credits for collected funds and debits for fees, payments and Chargebacks and other amounts for which ▇▇▇▇▇▇▇▇ is liable under the terms of this Agreement will be made to the Account.
Before releasing funds after this Agreement is terminated, Merchant will pay any equipment cancellation fees and any outstanding charges, losses or amounts, and Chargebacks for which Merchant has provided indemnification under this Agreement.
Those tools can be useful in detecting fraud and avoiding payment failures, but they do not affect your responsibility and liability pursuant to the User Agreement for Chargebacks, Reversals and payments which are otherwise invalidated.