<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
How do credit card chargebacks work?
<|assistant|>
Credit card chargebacks are an alternative dispute resolution process offered by card networks, such as Visa and Mastercard. It allows merchants who have experienced fraudulent purchases or unresolved customer refund requests to ask for a chargeback. The chargeback reverses the transaction and transfers the funds back to the merchant account from which the original payment was made. This allows the merchant to not be out the funds, as the cardholder is being held responsible for the chargeback.