You purchase a product, but it doesn’t work or you don’t even get it. So you open a chargeback. How are banks able to just claw back the money you’ve sent?
In: Economics
Adding to what others have said – chargebacks should be used as a last resort. Always try to get refunded, solve the issue, etc. with the merchant directly first. If you do too many chargebacks, the credit card company may cancel your card, since chargebacks are expensive to investigate and administer.
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