Think of chargebacks as mechanisms to protect customers from unauthorized or fraudulent transactions. It spares customers from the trouble of contacting the merchant for a refund. Instead, they can approach their bank directly and request a reversal of the transaction. While this system ensures fair consumer protection, it has also led to unintended consequences for businesses in the form of Chargeback Fraud. In this blog, we dive deeper into what chargebacks are, different types of chargeback fraud, how to prevent them, and more.