| Term | Definition |
|---|---|
| Chargeback Arbitration |
Chargeback arbitration occurs when the merchant and the issuer are unable to resolve a chargeback dispute. In arbitration, the card network steps in to review the evidence and make a final decision on the case. The losing party will be charged hundreds of dollars in arbitration fees, which means escalating a case to arbitration is rarely the correct choice for merchants. Read more >>> |
