Banks / Financial. Institution chargeback is a bank-initiated refund for a credit card purchase. Rather than request a refund from the USER / MERCHANT who facilitated the purchase, cardholders can dispute a particular transaction by contacting their bank and requesting a Chargeback. As such, all USER / MERCHANT shall be responsible to pay the amount of chargeback issued and/or requested by the Banks / Financial Institution.
Appears in 5 contracts
Samples: Merchant Agreement for Bizappay Services, User / Merchant Agreement, Merchant Agreement for Bizappay Services
Banks / Financial. Institution chargeback is a bank-initiated refund for a FPX or credit / debit card purchase. Rather than request a refund from the USER / MERCHANT who facilitated the purchase, bank account holder or cardholders can dispute a particular transaction by contacting their bank and requesting a Chargeback. As such, all USER / MERCHANT shall be responsible to pay the amount of chargeback issued and/or requested by the Banks / Financial Institution.
Appears in 3 contracts
Samples: Merchant Agreement, User / Merchant Agreement, User / Merchant Agreement
