What happens in the 2 seconds after you tap your card
Chargebacks: how your bank takes a card payment back from a shop
The same card payment shows up twice on your account, and you paid only once. The shop is far away, and you have no way to reach it. Still, your bank can take your money back from the shop. Yet your bank and the shop have never been in touch.
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1
Back home, your bank app shows your $8 bowl twice. You ate only one. You don't have Rono's number, so you ask your bank instead. You tap 'dispute' next to the second $8 and say why: the same payment, twice.
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Your bank checks what you say, then pulls the second $8 back the way the payment came: the network, then Rono's bank. Taking a card payment back this way is called a chargeback.
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