Chargeback

AAA

DEFINITION of 'Chargeback'

The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement.

INVESTOPEDIA EXPLAINS 'Chargeback'

Customers dispute charges to their credit card usually when goods or services are not delivered within the specified time frame, goods received are damaged, or the purchase was not authorized by the credit card holder.

RELATED TERMS
  1. Error Resolution

    A procedure that allows consumers to dispute bookkeeping errors ...
  2. Credit Card

    A card issued by a financial company giving the holder an option ...
  3. Affinity Card

    A type of credit card issued by a bank and a charitable organization ...
  4. Credit

    1. A contractual agreement in which a borrower receives something ...
  5. Bank Card Association

    An organization owned by financial institutions that licenses ...
  6. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), ...
RELATED FAQS
  1. What is the difference between "closed end credit" and a "line of credit?"

    Depending on the need, an individual or business may take out a form of credit that is either open- or closed-ended. While ... Read Full Answer >>
  2. What is the best way to start to rebuild your credit after a bankruptcy?

    Bankruptcies can be devastating to your credit score. Even worse, a bankruptcy will be listed on your credit report for between ... Read Full Answer >>
  3. What were the primary financial crimes involved in the ZZZZ Best case?

    ZZZZ Best was a company started by Barry Jay Minkow that claimed to be a carpet cleaning business. In fact, it was a Ponzi ... Read Full Answer >>
  4. Can a creditor sue me for a delinquent account?

    If a credit card account becomes delinquent, the creditor can sue the debtor for the balance as soon as the delinquency occurs. ... Read Full Answer >>
  5. How do I transfer my credit card history from one country to another?

    It is currently not possible to transfer your credit history to another country if you relocate. The credit metrics used ... Read Full Answer >>
  6. What are some examples of simple interest loans?

    Two good examples of simple interest loans are simple interest car loans and the interest owed on lines of credit such as ... Read Full Answer >>
Related Articles
  1. Credit & Loans

    Credit Card Review: Capital One Venture Rewards

    Learn how the Capital One Venture Rewards card helps you earn unlimited rewards miles to pay for all types of travel expenses, such as airfare and hotel costs.
  2. Credit & Loans

    Credit Card Review: BankAmericard Cash Rewards

    Read about the BankAmericard Cash Rewards card, and learn how to start earning unlimited cash back with its simply rewards program.
  3. Credit & Loans

    Credit Card Review: QuicksilverOne Rewards

    Learn more about one of the best cash back rewards credit cards for individuals with average or good credit ratings: the Quicksilver Rewards from Capital One.
  4. Credit & Loans

    What to Know About Transferable Points Programs

    Transferable points programs give credit card users a more extensive way to use credit card points for travel.
  5. Credit & Loans

    Credit Card Review: Premier Rewards Gold Amex

    Read more about the American Express Premier Rewards Gold card, one of the top charge cards in the United States and a favorite among frequent flyers.
  6. Credit & Loans

    Credit Card Review: Gold Delta SkyMiles Amex

    Learn about the three American Express cards that partner with Delta Airlines. Understand the benefits of the Gold Delta SkyMiles AmEx card.
  7. Credit & Loans

    Credit Card Review: Citi ThankYou Preferred

    Understand what makes a reward credit card worth opening. Learn about the Citi ThankYou Preferred card and its benefits and drawbacks.
  8. Credit & Loans

    Credit Card Review: Capital One Quicksilver Rewards

    Learn more about the Capital One Quicksilver Rewards card and how its simple cash back rewards program can put more money in your pocket.
  9. Credit & Loans

    Credit Card Review: Citi Diamond Preferred

    Read about Citi's Diamond Preferred credit card, a low APR offering with excellent balance transfer benefits and a long-term low introductory rate.
  10. Credit & Loans

    Credit Card Review: BankAmericard Travel Rewards

    Understand what the BankAmericard Travel Rewards card is and what its benefits are. Learn about the few drawbacks to the BankAmericard Travel Rewards card.

You May Also Like

Hot Definitions
  1. Nuncupative Will

    A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will ...
  2. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
  3. Investopedia

    One of the best-known sources of financial information on the internet. Investopedia is a resource for investors, consumers ...
  4. Unfair Claims Practice

    The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims ...
  5. Killer Bees

    An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an ...
  6. Sin Tax

    A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!