NoFraud
Glossary Term1 min read

Chargeback Fraud

Chargeback fraud, also known as “friendly fraud,” occurs when a consumer makes a purchase with their credit card and then requests a chargeback from the issuing bank after receiving the purchased goods or services, falsely claiming the transaction was unauthorized or the item was never received. This deceitful practice not only results in the merchant losing the revenue from the sale but also often incurs additional fees and can damage their reputation with credit card processors.

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