Here is a guide on how chargebacks work and ... a refund for the transaction amount—also known as a chargeback,” according to Mastercard. A chargeback is a significant tool to resolve disputes ...

Mastercard, alongside other industry leaders and stakeholders, is working to uncover trends, risks and challenges to address return fraud in all its forms.

Payment processors use MCCs to set processing fees. Visa & Mastercard track MCCs for chargeback monitoring & fraud prevention. Chargeback Risk: Some industries have higher dispute rates ...

This means you could use chargeback for credit card purchases for £100 or less (the only exception here is Mastercard which requires a minimum spend of £10), or more than £30,000. If you think ...