so you go to your CC company for them to basically take back the money by force at least electronically anyway.
No. A chargeback is a request to your credit card's issuing bank to dispute the charge. They will award you a temporary amount in the amount of the disputed transaction while they investigate. Ultimately the Association (VISA, Mastercard, AmEx, Discover) decides whether or not you get the money permanently.
(doing a charge back also negatively effects your Credit Rating)
False. It does nothing to your credit rating.
I worked credit card disputes for a large payment processor for a number of years, and I was a Subject Matter Expert that worked directly with the Associations.
Thanks for clearing that up then how I said it was how it was explained to me from a couple different people that at the time I thought knew what they were talking about.
Crowd: Free Tibet, Free Tibet Peter: I'll take it, hey China I have something you want but it'll cost ya...That's right all the tea GT: Garudin