Chargeback

A credit card company giving a credit card holder money back. Chargebacks happen when a cardholder disputes an item on their credit card statement, usually because they say they didn't approve the charge. For example, if someone stole a person's credit card and used it without permission, that person could get a chargeback on all unauthorized purchases. Other reasons why you might get a chargeback are if you get your things late, damaged, or not at all.