at a disadvantage. To avoid that scenario, we've email list ut together a short guide to some of the most commonly used and confusing affiliate marketing terms. For example, it's important to know that chargebacks cost a lot of money, but they are often not included in refunds. Understanding these differences can help you protect yourself from mistakes. Let's take a look at five important terms you'll want to know as a new affiliate marketer! 1. Charge back First, this is one of the commonly confused terms mentioned above. is a refund initiated by the customer. However, instead of receiving a refund from the seller, the customer initiates a disputed bill with a credit card. Chargebacks are often expensive. Credit card companies may charge sellers up to $ 20 in the event of a email list pending claim. This means that in addition to not receiving the original money for affiliate items, you may actually have to pay from your pocket. It is important to note the difference between chargeback charges and traditional refunds. The next section describes the differences and how to avoid chargeback charges. 2. Refund One way to avoid chargeback charges is to make a refund. Chargebacks are email list initiated by the consumer and incurred charges, while refunds are initiated by the seller and usually no new charges are incurred. When running an affiliate business, it's important to have a clear refund policy. The policy should clarify what types of refunds customers can receive. This is a great way to avoid confusion later and avoid chargebacks and similar issues. To keep things simple, you can use EasyAffiliate's sales menu to process refunds. This way, you don't have to pay a fee for refunded transactions and you can process all refunds for your affiliate program in one place. 3.