(banking) A reversal of an accounting entry, especially of a disputed credit-card transaction.
chargebacks
Definitions, parts of speech, synonyms, and sentence examples for chargebacks.
Editorial note
Neither should online sellers be generating chargebacks every single day; 50 sales a day is a very small business.
Quick take
(banking) A reversal of an accounting entry, especially of a disputed credit-card transaction.
Meaning at a glance
The clearest senses and uses of chargebacks gathered in one view.
(business) The charging of the cost of business resources to the departments that use them.
Definitions
Core meanings and parts of speech for chargebacks.
noun
(banking) A reversal of an accounting entry, especially of a disputed credit-card transaction.
noun
(business) The charging of the cost of business resources to the departments that use them.
Example sentences
Neither should online sellers be generating chargebacks every single day; 50 sales a day is a very small business.
Will write bad checks and do chargebacks on their credit card to get free PCs and free repairs.
It seems like they hardly spend any time investigating chargebacks and most disputes seem to be won by the buyer by default unless they have a habit of filing chargebacks.
If these are losses you can work into your margins, then just walk away from these chargebacks.
If your brand comes off as a snake-oil-salesman, there's no trust there, no respect, and here come the chargebacks.
If 2% were an acceptable level, Wal-Mart would be allowed to generate 300,000 chargebacks every day, millions per year.
They don't care whether your charges are declined, how many refunds you issue, or how many chargebacks you get.
Pay wave / pay pass and mastercard/visa chargebacks are all about getting money moving around more.
Situations where Spreedly will continue doing business with you where a processor wouldn't: You get a string of unexpected chargebacks.
My biggest beef, as a seller, with cc processing, is the unfair nature of chargebacks.
That, along with the ability to contest charges (chargebacks), makes it a lot less risky.
In your specific scenario, you likely didn't have the evidence needed to rebut those chargebacks.
Quote examples
No consumer wants smart contracts, for the same reason "no chargebacks" is a loser.
But adding a $25 "administrative fee" or a $10,000 fine seems like a frivolous act, given how little effort is spent investigating chargebacks.
In the more "degenerate" spaces, chargebacks are high.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use chargebacks in a sentence?
Neither should online sellers be generating chargebacks every single day; 50 sales a day is a very small business.
What does chargebacks mean?
(banking) A reversal of an accounting entry, especially of a disputed credit-card transaction.
What part of speech is chargebacks?
chargebacks is commonly used as noun.