Chargeback Protection Tool Clause Samples

The Chargeback Protection Tool clause establishes a mechanism by which a service provider offers safeguards to merchants against financial losses resulting from chargebacks. Typically, this clause outlines the conditions under which the provider will reimburse or shield the merchant from disputed transactions, such as fraudulent purchases or unauthorized card use. By defining the scope of protection and any applicable limitations or fees, the clause helps merchants manage the risk of chargebacks, thereby promoting financial stability and reducing the administrative burden associated with resolving payment disputes.