InvestorQ : What is chargeback request?
Deepali Khupte made post

What is chargeback request?

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1 year ago

A chargeback request is a dispute redressal mechanism that a cardholder can use to claim a refund in case of a fraud, dispute or even denial of service.

This request comes in handy when you use your ATM/debit/credit card at any point of sale, and the amount gets debited from your account but never reaches the merchant’s account.