What is a Return Debit?

A Return Debit is the return of funds to a consumer, forcibly initiated by the issuing bank of the instrument used by a consumer to settle a debt.

Specifically, it is the reversal of a prior outbound transfer of funds from a consumer's bank account, or credit card.

Return Debits generally occur for one of four reasons:

• Technical: Expired authorisation, insufficient funds, or bank processing error
• Clerical: Duplicate billing, incorrect amount billed, or refund never issued.
• Quality: Consumer claims to have never received the goods as promised at the time of purchase.
• Fraud: Consumer claims they did not authorise the purchase