Chargeback

C1 16+

Pronunciation: /tʃɑːrdʒbæk/

Definitions of chargeback

noun a demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction

Example Sentences

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.

Examples of chargeback in a Sentence

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.

Grammatical Forms of chargeback

past tense

charged back

plural

chargebacks

comparative

more chargeback

superlative

most chargeback

present tense

chargeback

future tense

will chargeback

perfect tense

have charged back

continuous tense

is chargebacking

singular

chargeback

positive degree

chargeback

infinitive

to chargeback

gerund

chargebacking

participle

charged back

Origin and Evolution of chargeback

First Known Use: 1950 year
Language of Origin: English
Story behind the word: The word 'chargeback' originated from the banking industry, specifically in the context of disputing a charge on a credit card.
Evolution of the word: Originally used to describe the process of reversing a transaction on a credit card due to fraud or error, the term 'chargeback' has since expanded to include any situation where a consumer disputes a charge with a merchant and requests a refund.