Frequently Asked Questions

What are the challenges associated with chargeback accounting?

Chargebacks are not like regular transactions such as payments, debt, or refunds. There are specific, unusual attributes of chargebacks that can make them particularly difficult for accountants to properly log and track. These include the fact that chargebacks occur at irregular intervals, take a long time to process, involve multiple processes with multiple different outcomes, are processed differently by different kinds of banks, and include additional fees beyond the transaction amount itself.