Dispute (credit card)

In a credit card or debit card account, a dispute is a situation in which a customer questions the validity of a transaction that was registered to the account.

Customers dispute charges for a variety of reasons, including unauthorized charges, excessive charges, failure by the merchant to deliver merchandise, defective merchandise, dissatisfaction with the product(s) or service(s) received, or billing errors.[1] Chargeback fraud, also known as friendly fraud, could occur when the cardholder identifies a purchase on their transaction statement as fraudulent and disputes it. A 2022 study by Ethoca and PYMNTS.com found that 71% of ecommerce transaction disputes were due to service errors.[2]

In the United States, in the event of fraud, the cardholder is liable for a maximum of $50 worth of fraudulent charges.[3] Many card issuers will waive this fee.[4]

## References

[edit]

1. ^ PayCEC. "What are Chargebacks? Chargeback types, examples, processes". PayCEC. Retrieved 2024-08-22.
2. ^ "What is Friendly Fraud". Ethoca. December 15, 2020.
3. ^ 15 U.S.C. § 1643
4. ^ "Tips to help consumers with disputes on credit card charges - USATODAY.com". USA Today.

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Credit, charge and debit cards

Major cards|

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Regional and
specialty cards|

* ArCa
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Defunct cards|

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Debt|

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Interest|

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Payment|

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* Dispute

Interchange|

* Fee
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| Interbank networks|

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Security|

* Card security code
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Technology|

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Banking|

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