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.

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 an Issuer charges all or part of the amount of an interchange transaction back to the Acquirer in accordance with Card Organizations regulations;

Examples of Chargeback in a sentence

• The chargeback fee is the amount specified on the Chargeback Fee table in the currency of the original transaction.

• If the transaction was in a currency not listed in the Chargeback Fee Table, the fee charged will be in your primary holding currency.

• The merchant shall be fully liable to Paynovate for all Chargeback Amounts, regardless of the instance of the Chargeback.

• The merchant irrevocably authorizes Paynovate to initiate debit/credit entries to the Merchant Settlement Account for the purpose of settling all Payment Transactions and Chargeback Amounts, and for the payment of any fees or taxes due under the Merchant Agreement.

• All Payments made to the merchant are subject to verification and adjustment by Paynovate for inaccuracies or errors, chargebacks until the expiration of the chargeback period and any other claims and expenses, including in the event that the Payment Transaction is subject to the Payment Transaction was subject to a Chargeback by the Issuer.

More Definitions of Chargeback

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

Chargeback refers to a Card transaction (or portion thereof) that is returned to Processor or Bank by the Issuer for any reason. “Chargeback” includes reversals and disputes under the Visa Rules.

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

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

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