It might dispute the chargeback by responding back to your credit card provider within a certain period of time. The business will then have the opportunity to review your complaint. As soon as you initiate the chargeback, the card provider will remove or withhold the amount in question from the business that made the charge and send it a written notice of why. When you initiate a credit card dispute with your credit card company, the company will take action to resolve the situation.
How does disputing a credit card charge work? Federal regulations tied to the Truth in Lending Act and Fair Credit Billing Act require that a dispute be handled a specific way. Instead, it’s the legal term signifying your disagreement of a charge or fee imposed by your credit card company.Ī dispute is also known as a chargeback. When it comes to the language of credit cards, a dispute is not an argument. What does it mean to dispute a charge on a credit card? It’s called filing a credit card dispute, and it involves having your credit card provider dispute the charge as well as any related finance charges. If you can’t come to an agreement about a credit card charge, there’s another option: Contact your credit card company to serve as the mediator between you and the business you believe incorrectly charged you. But in this case, the merchant either isn’t responsive to your problem or tries to give you the runaround. You contact the merchant that made the charge and ask them to remove it.
See if this sounds familiar: After carefully reviewing your most recent credit card bill, you noticed a charge that you didn’t authorize.
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