Carding CHARGEBACKS

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In this guide, we will look at what CHARGEBACKS are and who loses when a chargeback is declared.

First of all,

WHAT IS CHARGEBACK?​

A chargeback is the payment amount that is returned to a debit or credit card after a customer disputes the transaction as fraudulent. The chargeback process can be initiated by either the merchant or the cardholder's issuing bank. Merchants typically incur a fee from the card issuer when a chargeback occurs.

So, when the card is declared stolen and the transactions are disputed because of fraud, who will lose money?

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CONCLUSION :
Now, you understand what CHARGEBACKS are and who loses when a person declares a fraudulent transaction.

ALL THE BEST!