Chargeback: What it is and how it helps protect your finances

Chargeback is a process that allows customers to dispute a transaction and reclaim funds deducted from their account or credit card. This protection mechanism is designed to prevent incorrect or fraudulent transactions and provides an additional level of security for online purchases.

Customers often encounter situations where the purchased goods or services do not match the description, money is deducted without their consent, or they do not receive the ordered item. In such cases, chargeback becomes a necessary tool to protect their finances.

The main advantage of chargeback is that it provides customers with the opportunity to recover their money in the event of incorrect transactions. This gives them confidence that their interests will be protected when making online purchases.

Moreover, chargeback helps customers feel secure and confident that they can rely on financial tools to resolve disputes. This contributes to increasing trust in online platforms and creates a favorable environment for making safer and more convenient purchases online.