MT Week - How do chargebacks work?

One of the reasons why I love using credit cards over debit cards is because the former offers additional financial protection under Section 75 of the Consumer Credit Act.

This bit of legislation makes the card provider and the vendor jointly responsible when things go wrong, which in turn makes it easier for you to get your money back.

But actually, there’s an alternative way you can get your money back when things go wrong: by initiating a chargeback request.

Chargebacks are available for both debit card and credit card purchases but the rules are completely different.

Here’s how chargebacks work and how you can use them to get your money back.