chargeback

[ chahrj-bak ]

noun

1. Banking. a debit to a depositor's account for an item that has been previously credited, as for a returned bad check.

chargeback

/ ˈtʃɑːdʒˌbæk /

noun

1. the return of funds by a seller to a buyer's debit or credit card account

Word History and Origins

Origin of chargeback¹

charge + back ²

Example Sentences

Under the chargeback scheme, a voluntary arrangement to which Visa, Mastercard and Amex are members, consumers who have paid by card can ask the provider to refund them within 120 days of making a payment for failed services, faulty goods or fraud by a merchant.

From BBC

And that is when a customer has a billing dispute with a company, files a chargeback and wins.

From Seattle Times

You can file a credit card chargeback and get the fee removed.

From Seattle Times

That way, if the company doesn’t pay you on time, you can file a chargeback with your credit card company.

From Seattle Times

If a quick refund isn’t forthcoming, and if you’ve exhausted all other options, you can file a chargeback on your credit card or take the company to small claims court.

From Seattle Times