What is a chargeback? A chargeback is a customer-initiated reversal of a credit card payment—or, in other words, a forced refund. When any cardholder sees a charge on his or her statement that does not appear to be a legitimate transaction, that cardholder has the right to request and receive a reversal of the payment through his or her issuing bank. Chargebacks were … [Read more...] about How to prevent chargebacks