A chargeback is a process by which a credit or debit cardholder requests that their issuing bank reverse a transaction. Chargebacks can be initiated for a variety of reasons, including fraud, unauthorized purchases, or dissatisfaction with the goods or services purchased. Businesses that accept credit or debit cards must be aware of the chargeback process and take steps to minimize their risk of being charged back.
PayPal is a popular online payment processor that offers a variety of features to businesses, including fraud protection and chargeback management. However, even businesses that use PayPal can be charged back. To avoid chargebacks, businesses should take the following steps: