Arbitration (3rd Level Chargeback)

1. What is Arbitration?

It is the third-level chargeback & can be raised if the pre-arbitration is declined.

2. What is the TAT for raising the arbitration?

10 days from the date, the pre-arbitration was declined.

3. What is the arbitration charge & who will be charged for it?

Arbitration charge - 500 USD

The one (parties involved - partner & bank) who loses will be charged.

4. What is arbitration fees?

Card Network charges a certain amount of fee for Case Filing Review for any cases that reach the arbitration stage. It may vary depending on the network.