Chargeback is the technical jargon used to express the reversal of a transaction and return of money to a payer. Chargebacks are prompted by the payers issuing bank and happen in the event of a  resolution- of-dispute on a charge / orders. 

     Linda loses her debit card in a cab after a long night. Ron, the cab driver, finds the card, goes to the nearest Walmart and blows $800 on pay-pal gift cards. When Linda finds out about these charges the next morning, she calls the bank, reports the stolen misuse of the card and demands redemption. The payment has not yet processed and Lindas bank issues a chargeback. Linda Recieves her money back, Ron just used $750 + tx fees to buy Tron(TRX) and Walmart is stuck with a loss of -$800.

      Related Terms:



BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

Welcome To The Crypfo Initiative!

There was an error while trying to send your request. Please try again. will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Join the Leaders of the Digital Economy.
Gain Access to Specialized Crypto Asset Insight before anyone else.