In plain English
A chargeback can be undone after it was previously applied to a payment. When that happens, the disputed money is put back with the merchant. This describes the cancellation of the earlier chargeback itself.
In context
Here, "chargeback reversed" reports that a previous chargeback on a payment has been cancelled and the disputed amount is returned to the merchant.
- Situation
- Handling verification holds, payment disputes, chargebacks, reversals, and failed refunds
- What it communicates
- reports that an earlier chargeback entry has been undone
Meaning limits
The term itself does not say why the earlier chargeback was cancelled or whether the wider dispute is otherwise settled.
Examples
“For the disputed £45 payment, the earlier chargeback was reversed and the money went back to the merchant.”
“By the next statement, the chargeback had been reversed for that payment.”