A chargeback is a process through which a credit card holder can dispute a charge on their credit card account and request a refund. Chargebacks can occur for various reasons, such as fraud, unauthorized transactions, defective or unsatisfactory products or services, or billing errors.

When a credit card holder initiates a chargeback, the credit card issuer investigates the dispute and determines whether the charge should be refunded to the cardholder. If the chargeback is approved, the credit card issuer will reverse the charge and refund the amount to the cardholder. The merchant who made the charge may also be assessed a chargeback fee by the credit card issuer.

It is important for merchants to have a process in place to handle chargebacks, as chargebacks can result in lost revenue and additional fees. Merchants can take steps to reduce the risk of chargebacks, such as clearly disclosing terms and conditions, providing excellent customer service, and obtaining authorization for all transactions.

If you are a credit card holder and you want to dispute a charge on your credit card account, you should contact your credit card issuer and follow their procedures for initiating a chargeback. It is important to provide any relevant documentation or evidence to support your dispute.