The process is as follows:

1. The cardholder submits the reason and information for the chargeback to the card issuing bank.

2. After review by the issuing bank, it will be fed back to the acquiring bank and then transferred to the third-party payment company.

3. After arriving at the seller's side, it will take approximately 2 weeks.

It should be noted that no matter whether the reason for the cardholder's refusal to pay is valid or not, it will be recorded on the personal credit, which will affect the credit and reduce the loan limit.

Extended information

Related details of credit card chargebacks

It is understood that there are mainly three situations in which credit card chargebacks occur:

1 , The credit card was stolen by someone else.

2. After the credit card transaction has been completed, the goods are not received within the specified time frame or the goods are inconsistent.

3. The amount entered by the merchant does not match the actual amount, that is, the system deducts money multiple times or the amount of money deducted is abnormal.

Baidu Encyclopedia-Rejection