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What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?

Fi911

What happens when a transaction needs to be reversed, though? A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection.

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How to Win Chargeback Disputes

Clearly Payments

A chargeback occurs when a cardholder disputes a transaction and requests a refund from their bank. Here are some of the most frequent causes of chargebacks: Fraudulent Transactions: Unauthorized Use: This occurs when a cardholder claims they did not authorize the transaction. What is a Chargeback?

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Understanding Chargebacks

Segpay

In the world of e-commerce and digital transactions, chargebacks are a significant headache for merchants. Cardholders dispute a transaction with their bank, resulting in a reversal of funds. This is most likely due to the EU requiring that businesses adopt SCA tools like 3DS to authenticate transactions for digital payments.