What is a chargeback fee?

A chargeback fee is a fee that is levied on credit card users in Oregon when a payment dispute arises in relation to an original credit card transaction. A chargeback fee is usually charged by the credit card company for processing a dispute between the cardholder and merchant, and occasionally by the merchant as well. The fee amount is generally determined by the card association or the credit card issuer, and can range from $15 to $50. In Oregon, the Credit Card Bill of Rights, a state-approved law, protects cardholders from certain fees charged by credit card companies. This law does not, however, cover chargeback fees, meaning that a chargeback fee may still be charged in such disputes in the state. In the event of a dispute, the cardholder must contact their credit card company first in order to initiate the chargeback process, which includes the evaluation and resolution of the dispute. If the dispute is found to be valid, and the chargeback fee is applicable, the cardholder may then be charged the fee by their credit card company. Chargeback fees are a common practice in Oregon, and understanding their meaning and implications is the responsibility of the cardholder. It is important to know that these fees are necessary to protect the cardholder’s rights and ensure that the dispute process is carried out in a fair and efficient manner.

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