chargebacks tnc

What are chargebacks

A chargeback is a transaction reversal meant to serve as a form of consumer protection from fraudulent activity committed by both merchants and individuals.

Credit Card holders file a dispute with their issuing bank, at which point the merchant’s bank is debited the amount of the transaction that was previously credited.

The merchant must provide compelling evidence to disprove any fraudulent activity associated with the transaction. If the issuing bank deems the evidence enough to overturn the cardholder’s dispute, the funds are returned to the merchant.

If the cardholder still believes he was the victim of fraud, he can initiate a second chargeback, also called pre-arbitration.

How can customers raise chargebacks

Select your bank
  • Andhra Bank
  • Axis
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Catholic Syrian Bank
  • Central Bank of India
  • CITI
  • City Union Bank
  • Corporation Bank
  • Cosmos Bank
  • DCB bank
  • Dena Bank
  • HDFC
  • ICICI
  • IDBI Bank
  • Indian Bank
  • Indian Overseas Bank
  • IndusInd Bank
  • ING Vysya Bank
  • J & K Bank
  • Janta Sahakari Bank
  • Karnataka Bank
  • Kotak Bank
  • Lakshmi Vilas Bank
  • Oriental Bank of Commerce
  • Punjab & sind bank
  • Punjab National Bank
  • Saraswat co operative bank
  • SBBJ
  • SBH
  • SBI
  • SBM
  • SBP
  • SBT
  • Shamrao Vithal Bank
  • Standard Chartered Bank
  • South Indian Bank
  • Tamiland mercentile bank
  • UCO Bank
  • United Bank of India
  • Vijaya Bank
  • Yes Bank