What is a Charge back?

What is a Charge back?

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Charge back details

The term charge back is defined by a bank when an unauthorized transaction is carried out from customer debit/credit card without his consent and he files a claim with his issuer bank. Bank will then approach the payment service provider where the transaction was done and they will require some evidence which merchant is liable to provide within defined time or else the merchant will lose the dispute and the amount will be refunded to the issuer bank.

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