Chargeback

**Chargeback**

A chargeback is a financial transaction reversal initiated by a credit card issuer or bank, typically at the request of the cardholder, to dispute a charge on their account. This process protects consumers from fraudulent or unauthorized charges and allows merchants to address disputes related to payment errors, fraud, or dissatisfaction with goods or services. Understanding chargebacks is essential for businesses to manage risk, reduce losses, and maintain good customer relationships.