Pronunciation: /tʃɑːrdʒbæk/
noun a demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction
A1 A chargeback occurs when a customer disputes a transaction with their bank.
A2 If you receive a chargeback, you may need to provide evidence to prove the transaction was legitimate.
B1 Merchants often try to prevent chargebacks by improving customer service and communication.
B2 Chargebacks can be costly for businesses, as they may result in lost revenue and additional fees.
C1 Effective chargeback management requires a thorough understanding of payment processing regulations.
C2 The company implemented new policies to reduce the number of chargebacks and improve customer satisfaction.
formal The customer initiated a chargeback with their credit card company to dispute the transaction.
informal I heard Sarah got a chargeback on her latest online purchase.
slang I can't believe they tried to pull a chargeback on that sale.
figurative His betrayal felt like a chargeback on our friendship.
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