Fees incurred when your customer refutes the validity of a transaction (by filing a Dispute) with his or her Issuing Bank who then forcibly reverses the transfer of funds. The Merchant may dispute the validity in which case Acquiring Bank and Issuing Bank shall reach an agreement. NOTE: frequent chargebacks adversely affect privilege to process credit cards, especially if more than 1% of all transactions result in chargebacks. There are Four Types of Chargebacks:
§   Technical — Expired authorization, non-sufficient funds or processing error.
§   Clerical — Duplicate billing, incorrect amount billed, or refund never issued.
§   Quality — Consumer claims goods never received as promised at time of purchase.
§   Fraud — Consumer claims they did not authorize purchase or identity theft.

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