Chargeback Gurus Process Associate Interview Questions, Process, and Tips

Simple questions with negative marks and it was easy to clear.

Q1. What iş chargeback
Ans. 
A chargeback is a transaction reversal made by a bank or credit card issuer to return funds to a consumer for disputed or fraudulent transactions.
• Chargebacks are typically initiated by the cardholder contacting their bank to dispute a transaction.

• Common reasons for chargebacks include unauthorized transactions, goods or services not received, or damaged/defective products.

• Merchants can dispute chargebacks by providing ...read more
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Q2. Whats i credit card and debit card
Ans. 
Credit card and debit card are payment cards issued by financial institutions for making purchases and transactions.
• Credit card allows users to borrow money from the card issuer up to a certain limit and pay it back later with interest.

• Debit card deducts funds directly from the user's bank account when making a purchase.

• Both cards are widely accepted for online and in-person transactions.

• Credit cards often come with re...read more
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Q1. What is chargeback
Ans. 
Chargeback is a reversal of a transaction, usually initiated by the bank or credit card issuer due to a dispute or fraudulent activity.
• Chargeback occurs when a customer disputes a transaction with their bank or credit card issuer.

• It can also happen in cases of fraud, unauthorized transactions, or merchant errors.

• The merchant may be required to provide evidence to dispute the chargeback.

• Common reasons for chargebacks in...read more
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Q2. What are credit card and debit card
Ans. 
Credit cards and debit cards are payment cards issued by financial institutions that allow users to make purchases and access funds.
• Credit cards allow users to borrow money from the card issuer up to a certain limit, which must be paid back with interest if not paid in full by the due date.

• Debit cards are linked to the user's bank account and allow for direct access to funds in the account for purchases or withdrawals.

• ...read more
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Q1. Tellme about yourself
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Q1. Eager about the job
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