Chargeback

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- 13 readers -
  • Affiliate Marketing 101 For Affiliates and Product Owners

    … this really drilled down that I knew not only the profit of every individual affiliate but also the refund/chargeback rate and lifetime value. Affiliate marketing is an amazing industry that is rapidly being regulated and evolving. The most prosperous days were in the 2004-2008 era. However there is still a HUGE opportunity for both affiliates…

    Jeremy Schoemaker/ ShoeMoneyin Affiliate- 10 readers -
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