E-payment Systems in India Part 3
September 25, 2019

part5

Chargeback and Refunds

This topic is covered in three part series titled E-payment systems in India compromising of ‘Transaction Charges E-payments’, ‘Workings of a Payment Gateway System’ and ‘Chargeback and Refunds’. Please find the second part here.
Have you ever been charged for a transaction twice or have cancelled an order placed online? Read below to find out how the money is credited back to your account.
Once any amount is deducted from a Customer, there are only specific instances where the amount may be credited back i.e. Refund or Chargeback. As discussed in the earlier part of our series here, all payments facilitated via a payment gateway system are made through the Payment System Provider. ReadMore

Disclaimer The views appearing in this article are those of the author and not of Alaya Legal. The author may be reached at by writing to Alaya Legal at contact@alayalegal.com. Nothing herein is or may be construed as legal advice.