A chargeback is one stage within the dispute lifecycle. A dispute reaches the chargeback stage when either:
When a dispute is filed, it will initiate what is known as a "chargeback." This is a transaction reversal meant to serve as a form of consumer protection from fraudulent activity committed by both merchants and individuals.
Please note chargebacks are merely an action that takes place in the dispute lifecycle, and disputes are what causes this action and are subject to be challenged in representment.