Chargeback

A reversal of a credit or debit card transaction initiated through the cardholder's bank, typically available when a transaction is disputed as unauthorized or fraudulent, subject to the specific card network's rules and timing windows. A chargeback is one of the recovery options a bank or card issuer may be able to pursue if a payment tied to this scam was made by card. (see Topic 0.7)

An internal pricing mechanism that actually allocates a dataset's or a resource's cost onto the consuming team's own budget, creating a direct financial incentive to reduce unnecessary consumption, duplication, or waste.

A dispute mechanism available on credit card transactions and, in a more limited form, some debit card transactions, allowing a consumer to formally contest a charge through the card network. Chargebacks are not available on wire transfers, ACH transfers, gift cards, cryptocurrency, or cash.

A card network process that allows a cardholder to dispute a charge and, if the dispute is valid, have the funds returned by reversing the transaction between the card issuer and the merchant's bank, generally available on a longer timeline than a wire recall or an ACH dispute.

The private, mechanical dispute process a card network, such as Visa, Mastercard, American Express, or Discover, uses to move disputed funds between a cardholder's bank and a merchant's bank. Works alongside, but is legally distinct from, the Fair Credit Billing Act's federal dispute right.