Hard Design: Payment System (Stripe/PayPal)

What is a chargeback?

— Tests your understanding of this concept.

Answer Options

A A fee charged by payment processors

B When a customer disputes a charge with their bank, and the bank forcibly reverses the payment

C A refund initiated by the merchant

D A penalty for failed payments

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This question is from the Design: Payment System (Stripe/PayPal) topic (System Design Cases).

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