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Chargeback fraud, also known as friendly fraud, occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services.

Once approved, the chargeback cancels the financial transaction, and the consumer receives a refund of the money they spent.

When a chargeback occurs, the merchant is accountable, regardless of whatever measures they took to verify the transaction.[1

Chargeback is the return of funds to a consumer.

Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser.

Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product’s availability and pricing at different e-retailers.

As of 2016, customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones.

Online Shopping Rights

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