Chargeback
A payment reversal initiated by a cardholder via their bank/card issuer.
Explanation
Chargebacks are a common risk with certain payment methods. In P2P contexts, marketplaces often use escrow, proof requirements, and dispute flows to mitigate this.
Why it matters
- It’s a key reason some payment methods have higher premiums.
- It can lead to loss even after you “received” a payment.
- It influences which methods are considered higher-risk in P2P.
Common mistakes
- Using high-chargeback methods without understanding the risk.
- Not keeping adequate proof tied to the trade.
- Going off-platform where disputes can’t help.
Related pages
Related terms
FAQ
What does “Chargeback” mean?
A payment reversal initiated by a cardholder via their bank/card issuer.
Where is this term used on the site?
This glossary page is the canonical definition. Use the related links below to jump into guides and hub pages where the concept is applied.
Is this financial advice?
No. These pages provide definitions and safety-oriented explanations, not investment advice.