What is the chargeback| Tips to prevent chargeback as a merchant
Chargebacks are one of the most talked about topics in E-Commerce. With the advent of E-Commerce, Chargeback has become one of the most important mechanisms that help in consumer protection. But what is Chargeback and how can merchants prevent the same? Chargeback is a serious concern for any business. Unfortunately, chargebacks occur frequently and as a merchant, you need to be on the lookout for them. This listing will provide tips for merchants who want to stop chargebacks. What is a chargeback? A chargeback is a forced refund for a credit card purchase. Chargebacks can be initiated by either the cardholder or the issuing bank, and they occur when there is a dispute over a transaction. In most cases, chargebacks are triggered by fraud or unauthorized activity, but they can…