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Chargeback vs Refund: Key Differences Every Merchant and Customer Must Know
When customers are dissatisfied with a purchase or face transaction issues, they often seek to get their money back. This can happen in two primary ways: refund or chargeback. At first glance, both might seem similar—money goes back to the customer—but for merchants and payment processors, the difference between a chargeback vs refund can mean the difference between maintaining a...
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