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Resources about Big Data, Fraud Detection, Machine Learning and many more
Resources for Fraud and Risk Teams
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Marketing Team
Nov 10
Chargeback fraud occurs when a chargeback is submitted for a purchase that was made by the cardholder. A merchant has the option to contest a chargeback if they believe it was submitted in error. Nevertheless, defending a chargeback has a number of drawbacks, such as drawn-out procedures and expensive processing costs. Sometimes retailers prefer to pay the chargeback because they feel the disadvantages outweigh the benefits.
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