| Term | Definition |
|---|---|
| Disputed Transaction |
A disputed transaction is a debit or credit card transaction that the cardholder is claiming is illegitimate in some way. They may claim the purchase was fraudulent, they didn't receive what they paid for, or the amount was incorrect. When a charge is disputed, the cardholder's bank may grant a chargeback, taking the money from the merchant and returning it to the cardholder. Read more >>> |
