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Video Guide on Payment Disputes management

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Commonly Asked Questions about Payment Disputes

A disputed transaction refers to a situation where a customer or cardholder disputes a charge on their credit card statement. They believe the charge is fraudulent, unauthorized, or not what they expected. The dispute triggers an investigation by the customers credit card issuer to understand more about the charge.
Loss of revenue: Chargebacks result in a direct loss of revenue for merchants, as they have to refund the disputed amount to the customer.
A payment dispute or chargeback occurs when a cardholder files a claim with their card-issuing bank to request a reversal of the charge.
Here are seven ways to resolve payment disputes: Ask for part payment. A common mistake when dealing with payment disputes is trying to resolve the issue first. Dont be afraid to confront the issue. Speak to the right person. Be prepared. Remain professional. Think ahead. Feedback.
Contact your credit card issuer You can only dispute charges that have already been posted. If you prefer not to submit a dispute online, you may do so in writing, or by calling customer service and disputing the charge over the phone.
If you successfully dispute a charge, the bank will notify the merchant and return funds to the issuing consumer via a chargeback. From here, merchants can decide if they want to dispute the chargeback or not.
A dispute occurs when the cardholder contacts their card issuing bank directly to challenge a charge on their credit card statement. Reasons for this could include: The card details were used without their authority (i.e. fraud) The cardholder contacted the merchant for a refund but didnt get a response.
The card issuer will typically investigate the dispute claim to find out whether its legitimate. To support the claim, the merchant might be asked to provide evidence or documentation, and if the dispute is found to be valid, the issuer may reverse the transaction and charge the merchant a dispute fee.