Quick meaning
A reversal of a credit card payment initiated by the bank after a dispute with a merchant.
Think of it like this
Like asking the bank to reclaim money on your behalf after a failed transaction.
Where you may see this
You may see this in banking apps, checkout screens, delivery updates, and digital payment instructions.
Why it matters
Knowing the term helps you pay safely, understand what a screen is asking for, and avoid costly mistakes.
Say it simply
Chargeback means: A reversal of a credit card payment initiated by the bank after a dispute with a merchant.