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