payment reversal

Money sent back

A payment reversal is the return of funds from a completed transaction back to the payer.

This can happen when a buyer disputes a charge, when a merchant issues a refund, or when a bank cancels a transaction due to fraud or error.

The payment reversal hit my account three days after I filed the complaint.

In e-commerce, sellers dread chargebacks—payment reversals initiated by credit card companies on behalf of customers.

Related

billing dispute · void · cancel · reimbursement · credit · credit card · bounce · decline · failed transaction · reject · undo · rollback · merchant · bank · bank error · fraud · fraud claim · unauthorized

Opposites
transaction direction

payment reversalpayment

Fulfilling a financial obligation

charge · debit · remittance · disbursement · withdrawal

transaction finality

payment reversalpayment confirmation

Proof funds were received

final payment · payment processing

Family

payment, reversal, reverse, pays, paying, payer, payers, payable, payee

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