Tips on Effective Credit Card Chargebacks Representment In USA

WHAT IS A CHARGEBACK? Chargeback is a mechanism by which a cardholder claims the merchant and calls the credit card issuer to dispute a transaction that had previously been credited. A cardholder may have various reasons to raise a dispute against the transaction like goods and services never supplied to the customer, defective merchandise received by a customer, refund not processed to the customer, merchant used the expired card and so on. The Merchant needs to give an explanation about the amount debited from cardholder account. WHAT IS CHARGEBACK REPRESENTMENT? Chargeback Representment is a term for providing Packet of Evidence as per Reason Codes to acquiring the bank or the Credit Card Company that shows that the transaction was made with full knowledge of the cardholder and also shows that cardholder agreed with all the Terms and Conditions which was displayed before buying the Product or Services. Chargeback also includes the information about Full Refund an...