The History of Chargebacks

The History of Chargebacks: How Disputes Have Evolved

What is a chargeback, and where did it all start? This video dives deep into the history of chargebacks, from their origins in the Fair Credit Billing Act of 1974 to how they impact merchants, banks, and consumers today. Whether you're an eCommerce business, financial professional, or just curious about how the chargeback process works, this video will give you a complete breakdown of its evolution.

🔹 Topics Covered:
✔️ What is a chargeback? (Chargeback meaning explained)
✔️ The Fair Credit Billing Act (FCBA) and why chargebacks were created
✔️ The role of Visa, Mastercard, and banks in dispute resolution
✔️ How chargeback fraud and friendly fraud have changed over time
✔️ The future of chargeback management and prevention

💳 Why Chargebacks Matter
Understanding the chargeback dispute process is critical for merchants, payment processors, and cardholders alike. Chargebacks were originally meant to protect consumers, but over time, they’ve become a major challenge for businesses dealing with fraud, disputes, and lost revenue.

📌 Watch to learn how chargebacks have shaped the payments industry and what’s next for merchants and financial institutions.

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📩 Got questions? Drop them in the comments!

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