Good Faith Chargeback

1. What is the option if the customer missed raising the chargeback within 120 days from the transaction date?

Good Faith Chargeback

2. In what context Good Faith chargeback can be raised?

The Good Faith chargeback can be raised in an exceptional case, i.e., all the transactions will not undergo Good Faith chargeback. If the amount is huge, and the customer needs to raise the chargeback, then this chargeback can be suggested.

Note: There is no specific timeframe for the acquirer to respond to a chargeback, and it is not assured that the acquirer can respond.