Chargeback definition

Chargeback means the procedure by which a Sales Draft (or disputed portion thereof) is returned to Bank by a Card Issuer because such item does not comply with the applicable Card plan's operating regulations.

Chargeback means a request that a buyer files directly with his or her debit or credit card company or debit or credit card issuing bank to invalidate a payment.

Chargeback means any direct or indirect dispute, reversal or debit of a Transaction by an End User, Card Brand, Acquirer, APM or APMPs, because of such Transaction being invalid, disputed, unauthorized (or there are grounds to believe it was not authorized), suspicious, the goods or services were not delivered at all or as agreed, or otherwise for any reason. Chargebacks can be procedural or substantive.

Examples of Chargeback in a sentence

• Servicer may receive payment of any Sales Draft presented by Xxxxxxxx and paid by Servicer unless and until there is a Chargeback.

• Merchant may not bill or attempt to collect from any Cardholder for any American Express Transaction unless a Chargeback has been exercised, Merchant has fully paid for such Chargeback, and it otherwise has the right to do so.

• Notwithstanding anything herein to the contrary, Xxxxxxxx acknowledges that it will be responsible for the full amount of the Chargeback under the terms of this Merchant Agreement.

• Due to the variances in currency exchange rates applied to the underlying MCP Transaction and the related Chargeback respectively, Merchant acknowledges that the final amount of the Chargeback will differ from the original settlement amount received by the Merchant for the MCP Transaction in US Dollars and could well be more.

• Merchant acknowledges that its use of fraud identification tools may not prevent fraudulent Card usage, and agrees that any fraudulent Transaction may ultimately result in a Chargeback, for which Merchant retains full liability under this Agreement.

More Definitions of Chargeback

Chargeback means a procedure in which an Issuer charges all or part of the amount of an interchange transaction back to the Acquirer in accordance with Card Organizations regulations;

Chargeback means a Transaction that Bank returns to Merchant pursuant to this Agreement.

Chargeback is a Card transaction dispute (or disputed portion) that is returned to us by the Issuer. Sub- Merchant is responsible for payment to Payment Facilitator for all Chargebacks.

Chargeback means a dispute of a Transaction raised by the Card Issuer or a Card Scheme, subject to the applicable Scheme Rules (a circumstance where a Card Issuer, Card Scheme or other financial institution requires repayment in respect of a transaction previously settled and/or remitted to the Merchant, notwithstanding that authorization may already have been obtained).

Chargeback with the card issuer. The card issuer, not us, determines whether the payer is successful when they pursue a chargeback. You can find out more about chargebacks by reviewing our Chargeback Guide, accessible via the PayPal Security Centre and the section called: “Selling Safely”. The PayPal Security Centre is accessed via the PayPal website. We charge you a fee for receiving a chargeback claim. • If the payer used a bank account to fund the payment the payer or the bank could pursue a bank reversal. The amount claimed may be greater than the original amount you received due to currency exchange rate fluctuations between the time of payment and the time of the claim. • we may have to compensate your payer when they claimed that there was a problem with their payment (including that their payment was unauthorised or incorrect or that their billing agreement payment was not expected) – see Resolving Problems. • we are entitled to carry out the reversal for any other reason under this user agreement, including the provision Actions We May Take if You Engage in Any Restricted Activities.

Chargeback means a transaction disputed by a cardholder or card issuer.

Chargeback means the benefits charged to an employer's account under Section 204.021.