Credit Card Glossary: Terms and Definitions
A credit card chargeback occurs when a charge is reversed, returning credit to a credit card customer from a merchant. There are several parties involved, since a return transaction goes through the customer’s bank, the credit card processing interchange (such as Visa or MasterCard) and the merchant’s bank. Consumers can sometimes initiate a chargeback when they dispute a purchase made from a merchant. For more, see the story “Chargebacks and how to dispute a credit card purchase.”
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.