chargeback

nounC1Very rare — outside the 30,000 commonest English words, so you will meet it in writing rather than in speechToo rare in one of the two pools to compare — fewer than 20 uses in speech or in writing

Other forms: chargebacks

A chargeback is reversing a card payment after a dispute. Request a chargeback, a chargeback claim, the chargeback was upheld.

It is the card network taking the money back from the seller rather than the seller refunding you, which is why it works when a company has stopped answering. Too many chargebacks can cost a business its ability to take cards at all.

Definitions of chargeback

1nounchargebackReversing a card payment after a dispute.C1
“When the airline wouldn't refund my cancelled flight, my bank did a chargeback.”

chargeback is a refund.

Where it comes from

From the phrase to charge back, meaning to return a charge to the seller.

a deverbal from charge back.

Etymology from Wiktionary, CC BY-SA

Practised in Shopping & Money, Bank & Post Office

Practise this word

chargeback in the wild

However, when a buyer successfully made a chargeback in a disputed transaction, BidPay ended up taking the loss rather than the seller.
BidPay
A chargeback is a return of money to a payer of a transaction, especially a credit card transaction.
Chargeback
The chargeback reverses a money transfer from the consumer's bank account, line of credit, or credit card.
Chargeback
Once approved, the chargeback cancels the financial transaction, and the consumer receives a refund of the money they spent.
Friendly fraud
Dependent on the payment method used, the merchant can be accountable when a chargeback occurs.
Friendly fraud

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From Wikipedia, CC BY-SA 4.0. These sentences were written by other people about their own subjects; they are here to show the word at work, not as anybody’s opinion.

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