Chargeback is the return of funds to a consumer, mainly used in the United States, forcibly initiated by the issuing bank of the instrument used by a consumer to settle a debt. Specifically, it is the reversal of a prior outbound transfer of funds from a consumer's bank account, line of credit, or credit card.Chargebacks also occur in the distribution industry. This type of chargeback occurs when the supplier sells a product at a higher price to the distributor than the price they have set with the end user. The distributor then submits a chargeback to the supplier so they can recover the money lost in the transaction.
Posts about Chargeback
  • Practical Tips on Selecting Payment Options for eCommerce Sites

    …. No additional fees. Since debit cards are used, there is no chance of having chargeback fees. When there’s money in the debit card account, the transaction will go through. When there’s no money, no transaction will happen. Payment is immediate. IFAN Financial Inc. (OTCBB: IFAN) immediately pays the merchant for each transaction, as opposed…

    The Blog Herald- 10 readers -
  • Affiliate Marketing 101 For Affiliates and Product Owners

    … quickly that all the advertisers through AdSense were Affiliate Marketers. So I followed the money and signed up to these affiliates and that started my world of selling other people’s products as an affiliate. The Affiliate Marketing world is composed of 2 core components and I have been on both sides of the coin: The Publisher – Commonly referred…

    Jeremy Schoemaker/ ShoeMoneyin Affiliate- 3 readers -
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