Billing Error

2 topics · 3 sources

Business

Banking

A charge that appears on a periodic statement associated with an extension of credit (e.g., credit card) that

  • was not authorized by the cardholder or the cardholders' designee,
  • is not properly identified, and
  • was not accepted by the cardholder or the cardholder's designee.

A billing error can also be caused by a creditor's failure to credit a payment or other credit to an account as well as accounting and clerical errors.

Business› Finance

Personal Finance

A charge that appears on a periodic statement associated with an extension of credit (e.g., credit card) that includes:

  1. unauthorized charges by a merchant to either a credit card, debit card ,or share account
  2. charges not accepted by the cardholder or the cardholder's designee.

A billing error can also be caused by a creditor's failure to credit a payment, or other credit, to an account as well as accounting and clerical errors.

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