What Is A Chargeback Fee? Here's What It Means, How Much You'll Pay - And What You Should Do Next

A credit card chargeback fee occurs when a cardholder disputes a previous credit card charge, and wants to nullify the sales transaction. Essentially, the customer asks the card-issuing bank to return those funds to the customer’s bank account. When a customer’s card-issuing bank processes their chargeback request, you (the merchant) will likely get dinged with a chargeback fee.

So how much do chargeback fees cost? The short answer - it can vary depending on your payment processor. Although chargeback fees are an unwelcome part of retail business operations, there are ways you can minimize the chances that you’ll be impacted by this growing hazard.

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