Can You Cancel Transactions on Debit Cards?

Can You Cancel Transactions on Debit Cards?

Can You Cancel Transactions on Debit Cards?

According to Ron Lieber for The New York Times, it is possible to cancel a transaction on a debit card by contacting the card issuer. The debit card company often takes the customer's word over the merchant's and either offers a credit or issues a full refund.

The 1975 Fair Credit Billing Act created a process for disputing billing errors, unwanted charges and services and goods that were never received, notes Lieber. Every time a customer disputes a charge, the card issuer has to investigate. The merchant involved in the transaction is contacted and has to provide the card company with proper documentation or a valid receipt of the transaction.