Chargeback Prevention
Terms
- What is a chargeback dispute?
- A chargeback dispute happens when cardholders challenge transactions on their credit card statements to reverse charges. Usually triggered by undelivered products, services not as described, or fraud concerns.
- What is a chargeback?
- Chargebacks let consumers dispute transactions and get refunds through their bank instead of the merchant. It's consumer protection for fraud or unsatisfactory purchases, but frequent chargebacks can seriously impact businesses.
- What is rebill success rate?
- Rebill success rate measures the percentage of successful automatic payment attempts for recurring subscriptions. A high rate means fewer payment failures and better revenue retention for subscription businesses.