| Term | Definition |
|---|---|
| Double Refund Chargeback |
A double refund chargeback occurs when a customer contacts their bank to initiate a chargeback while also contacting the merchant to request a refund. If both the chargeback and the refund are granted within a short amount of time, a double refund can occur. This causes the merchant to pay out twice the transaction amount to the cardholder. Read more >>> |
