Credit Card Chargebacks Explained
Posted by admin on 2 October, 2009
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This item was filled under [ Credit Cards ]
Credit card chargebacks are the return of funds back from the merchant to the credit card owner, forced by the credit card issuing bank. The chargeback mechanism was put in place to protect consumers and is regulated by the Federal Reserve under the Electronic Funds Transfer Act. A consumer initiates a chargeback by contacting the [...]