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Chargebacks Here To Stay Under GDPR, Say Legal Experts

Experts have played down fears that new European data privacy rules could make handling chargebacks unmanageable for merchants, card issuers and customers.

The General Data Protection Regulation (GDPR) will bring in a swathe of new requirements for companies handling data, limiting their ability to store, share and send it without the explicit approval of the data subject.

Although almost all industries will be affected in one way or another, some have raised concerns that the handling of chargebacks, in particular, could be subject to a number of adverse consequences once GDPR takes effect on May 25.

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