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Difference between Refund and Chargeback
Difference between Refund and Chargeback
In some cases customer’s money can be refunded or charged back. Here is the difference between these processes:
Refund - an amount of credits that is given back to the customer's account.
Chargeback - the return of money to the customer’s debit or credit card.
Clientships/Membership Chargeback - the return of recurring payments to the customer’s debit or credit card.
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