MonkeyLek opened this issue on Mar 15, 2002 ยท 4 posts
MonkeyLek posted Fri, 15 March 2002 at 11:38 AM
...for credit card chargeback.
nyar1ath0tep posted Fri, 15 March 2002 at 3:36 PM
What is credit card chargeback?
Forgive me if it's been asked before, but I searched the T.O.S. and this archive without seeing a definition of it.
MonkeyLek posted Fri, 15 March 2002 at 3:47 PM
Usually, either someone used a stolen credit card or told their CC company not to pay the charge. (after they've received their purchase...)
Micheleh posted Fri, 15 March 2002 at 11:08 PM
I think it's like this- Rosity submits an itemised bill to Megacard, with a list of all the customers of theirs that need to be billed for the charges. Megacard pays Rosity a lump sum, then passes the bills on to you. (If you've purchased something.) When the customer has called to say "refuse charges", the cc# is listed stolen, or similar- all those things get sent back to Rosity and "charged back" against the sum already paid. Am I getting this right?