| Term | Definition |
|---|---|
| Representment |
Representment is the process by which merchants contest a chargeback, submitting evidence that proves the dispute has no legitimate basis. The issuing bank will review this evidence and make a decision to either reverse or uphold the chargeback. If the chargeback is reversed, the funds will be returned to the merchant, but the merchant will still be responsible for paying a chargeback fee. Read more >>> |
