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  2. Chargeback - Wikipedia

    en.wikipedia.org/wiki/Chargeback

    A chargeback is a return of money to a payer of a transaction, especially a credit card transaction. Most commonly the payer is a consumer. The chargeback reverses a money transfer from the consumer's bank account, line of credit, or credit card. The chargeback is ordered by the bank that issued the consumer's payment card. In the distribution ...

  3. Friendly fraud - Wikipedia

    en.wikipedia.org/wiki/Friendly_fraud

    Regardless of the outcome of the chargeback, merchants generally pay a chargeback fee which typically ranges anywhere from $20 to $100. [9] A 2016 study by LexisNexis stated that chargeback fraud costs merchants $2.40 for every $1 lost. This is because of product-loss, banking fines, penalties and administrative costs. [10]

  4. What Is a Chargeback? Your Guide - AOL

    www.aol.com/finance/chargeback-guide-200024732.html

    As a savvy consumer, a chargeback is one of the many options in your tool kit. Through a chargeback, you can recoup lost funds due to a merchant error, product return or downright fraud. But there ...

  5. Return merchandise authorization - Wikipedia

    en.wikipedia.org/wiki/Return_merchandise...

    A return is costly for the vendor and inconvenient for the customer; any return that can be prevented benefits both parties. Returned merchandise requires management by the manufacturer after the return. The product has a second life cycle after the return. An important aspect of RMA management is learning from RMA trends to prevent further ...

  6. Amazon Just Changed Its Return Policy — And You’ll Be Charged ...

    www.aol.com/finance/amazon-just-changed-return...

    The e-commerce giant indicated most items under 50 lbs. from Amazon.com have a free return option. Look for “Free returns” next to the price to confirm that it qualifies. More From GOBankingRates

  7. Return fraud - Wikipedia

    en.wikipedia.org/wiki/Return_fraud

    Return fraud is the act of defrauding a retail store by means of the return process.There are various ways in which this crime is committed. For example, the offender may return stolen merchandise to secure cash, steal receipts or receipt tape to enable a falsified return, or use somebody else's receipt to try to return an item picked up from a store shelf.

  8. Will return fees stop you clothes shopping online? - AOL

    www.aol.com/return-fees-stop-clothes-shopping...

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  9. Card-not-present transaction - Wikipedia

    en.wikipedia.org/wiki/Card-not-present_transaction

    In addition, the merchant account would be assessed a chargeback fee by the acquiring bank. [1] This is the opposite of a card present transaction, when the issuer of the card is liable for restitution. [2] Because of the greater risk, some card issuers charge a greater transaction fee to merchants who routinely handle card-not-present ...