Chargeback and Refund - what is the difference?

		Greenguy's Board > General Business Knowledge
Chargeback and Refund - what is the difference?

2007-08-22, 09:25 PM	#2
nekrom My wife is not a doobie to be passed around! On our wedding day I promised to bogart her for life! Join Date: Jul 2004 Location: Australia Posts: 276	A CB is when a person informs their bank that the charge on their cc wasn't authorised by them. The bank then refunds/credits the charge back to their card. The bank then passes on a CB fine/fee to the company that placed the charge. A refund is when the company that charged an amount to a persons cc cancels the charge and credits it back to their cc. -N __________________ This timeline is farken wild Darker Reads

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