What Are....

cecc · 04-12-2007

Hi all,

What are chargebacks?

Len

stealth · 04-13-2007

Chargebacks are like your big and irritating signature. If I win with adwords, you forfeit my win and declare loss. Chargebacks mean I have to return the amount I received where it is due because fraud, mistake or whatever justifiable reasons.

cecc · 04-13-2007

Hi stealth,

got it, don't know how my sig got so big should be smaller now.

Len

IrDA · 04-27-2007

It is a payment dispute initiated by a credit card holder with their card issuing bank. The amount is withdrawn immediately from merchant's bank account and merchant can further dispute it by showing proof of delivery, purchase, signature etc.

mikemotorcade · 05-09-2007

So, if you send money to someone you didn't mean to, or send the worng amount, right?

Does it charge you anything for doing that?

jus_tin39 · 05-20-2007

To Make a bit more clear :::

A chargeback occurs when a buyer asks their credit card company to remove a charge from their credit card statement. The credit card company will ask the buyer to provide an explanation about why they are disputing the charge.

Two common reasons for chargebacks are:

1. A buyer's credit card number is stolen and used fraudulently

2. A buyer makes a purchase, but believes that the seller failed to fulfill their side of the agreement (e.g. did not ship the item, shipped an item that was very different from the seller's description, or the item was damaged when the buyer received it).

Jerlene · 05-20-2007

A chargeback occurs when a consumer requests a refund from their credit card company. The merchant is billed by its merchant bank, which has been billed initially by the card issuer. This may happen for a number of reasons, but most often the result of fraud.

See Wikipedia for more.

04-12-2007	#1 (permalink)
cecc Junior Member Join Date: Apr 2007 Posts: 13 Rep Power: 0	What Are.... Hi all, What are chargebacks? Len __________________ Ever Heard Of 60% CTR

04-13-2007	#2 (permalink)
stealth Member Join Date: Apr 2007 Posts: 71 Rep Power: 2	Chargebacks are like your big and irritating signature. If I win with adwords, you forfeit my win and declare loss. Chargebacks mean I have to return the amount I received where it is due because fraud, mistake or whatever justifiable reasons. __________________ Premium paid directory Daily updated software blog 3DMax and Photoshop tutorials

04-13-2007	#3 (permalink)
cecc Junior Member Join Date: Apr 2007 Posts: 13 Rep Power: 0	Ok Hi stealth, got it, don't know how my sig got so big should be smaller now. Len __________________ Ever Heard Of 60% CTR

04-27-2007	#4 (permalink)
IrDA Senior Member Join Date: Apr 2007 Posts: 275 Rep Power: 2	It is a payment dispute initiated by a credit card holder with their card issuing bank. The amount is withdrawn immediately from merchant's bank account and merchant can further dispute it by showing proof of delivery, purchase, signature etc. __________________ No Siggy

05-20-2007	#7 (permalink)
Jerlene Senior Member Join Date: Mar 2007 Posts: 1,167 Rep Power: 3	A chargeback occurs when a consumer requests a refund from their credit card company. The merchant is billed by its merchant bank, which has been billed initially by the card issuer. This may happen for a number of reasons, but most often the result of fraud. See Wikipedia for more. __________________ 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7

05-09-2007	#5 (permalink)
mikemotorcade Junior Member Join Date: May 2007 Posts: 21 Rep Power: 0	So, if you send money to someone you didn't mean to, or send the worng amount, right? Does it charge you anything for doing that?

05-20-2007	#6 (permalink)
jus_tin39 Junior Member Join Date: May 2007 Posts: 16 Rep Power: 0	To Make a bit more clear ::: A chargeback occurs when a buyer asks their credit card company to remove a charge from their credit card statement. The credit card company will ask the buyer to provide an explanation about why they are disputing the charge. Two common reasons for chargebacks are: 1. A buyer's credit card number is stolen and used fraudulently 2. A buyer makes a purchase, but believes that the seller failed to fulfill their side of the agreement (e.g. did not ship the item, shipped an item that was very different from the seller's description, or the item was damaged when the buyer received it).

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