Definition of Chargeback

money or the return of funds to its original owner following a transaction

Examples of Chargeback in a sentence

After the Ebay customer was dissatisfied with the product, a chargeback went sent to the customer as long as he returned the product.  🔊

The credit card company executed a chargeback for the purchases on Sarah’s Visa card since she reported the card stolen earlier.  🔊

Karen’s bank issued the chargeback to her account when she asked for a refund for a product she returned back to the store.  🔊

Other words in the Money and Business category:

Most Searched Words (with Video)