Credit card purchase refund

ved656

I believe that if a debit card expenditure is refunded under the “chargeback” scheme the debit card provider (usually a bank) reclaims from the retailers bank. Does something similar apply to credit card providers if a refund is made under the section 75 consumer credit act I.e. does the provider have recourse to claim from the retailer or is it just a cost they have to bear

[Deleted User]

They may choose to do either.

jonesMUFCforever

In both circumstances the bank will attempt to recover any chargebacks or S75 from the retailers if financially prudent to do so.