Chargebacks Explained: Merchants are losing millions to friendly frauds
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Chargebacks Explained: Merchants are losing millions to friendly frauds
A chargeback is a forced reversal of transaction funds initiated by the cardholder's bank or card issuer. Under the Fair Credit Billing Act of 1974, consumers can dispute a transaction directly with their bank, without involving the merchant. This video breaks down what a chargeback is, why they happen, and how merchants can fight back. Who's ...
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