[dodif]

I read the word on this forum. what does that mean?

[Ganchrow]

From Wikipedia: "A chargeback occurs when a merchant is required to issue credit to a cardholder's account. The merchant is billed by its acquiring bank, which has been billed initially by the card issuer. This may happen for a number of reasons, but most often a chargeback is triggered by a cardholder disputing a transaction, in-whole or in-part."

[compaqDikk]

From Dikktionary.com

Main Entry: chargeback1
Part of Speech: n
Definition: a sum of money deducted by a CC company from a merchant to cover losses for disallowed or fraudulent transactions

See: JJGold

Example: The chargeback makes up for the cost of returned items or incorrect orders that the customer claims were made to his or her CC.