Investing term
What is Chargeback?
A consumer protection on credit-card transactions that lets you reverse fraudulent charges.
A chargeback is a consumer protection on card payments that lets you reverse a fraudulent or disputed charge by asking your card issuer to claw the money back. It's a safety net specific to cards — which is one reason paying by card can be safer than methods with no recourse, and why scammers often push you toward wires or crypto that can't be reversed.
For example
A merchant charges your card for goods that never arrive; you file a chargeback and the issuer reverses the payment — protection a bank wire would not give you.
Chargeback is taught hands-on in Stage 9 — Fees, Scams & Protecting Your Money.
See the lesson →