If the liability resides with Bolt (usually in the case of fraudulent chargebacks), Bolt assumes responsibility for all fees and costs associated with the chargeback.
|Liability Requirements||Coverage Scenarios|
|The transaction was processed through Bolt||Unauthorized Charges: Lost or stolen cards, hacked accounts.|
|The purchaser completed checkout themselves (as opposed to a merchant’s agent -completing checkout on the purchaser’s behalf)||Friendly Fraud: Family/Friend using card without explicit consent.|
|For physical goods, the merchant has retained tracking numbers and relevant shipping documentation to help Bolt fight chargebacks.|
If the liability resides with the merchant, the following actions are taken:
|Liability Requirements||Liable Scenarios|
|Product received was not what the customer ordered||Force-Approved transactions: Bolt rejected the order but the merchant overrode the rejection.|
|Product was not delivered on time, was never delivered, or was damaged upon delivery||Merchant-Placed Transactions: Phone orders or in person orders that the merchant placed on behalf of the customer. These may be made either through the Bolt Virtual Terminal or through checkout on the website.|
|Customer returned the merchandise but did not receive a refund||Transactions on the Merchant’s IP Address: Orders placed using the merchant’s IP address generally indicate that the merchant placed the order on behalf of a customer within the merchant’s physical location. This type of backoffice order is not indemnified by Bolt. If you need to create a backoffice order, please use the Virtual Terminal.|
|Other merchant errors (poor customer service, unwanted recurring payments, authorization errors, or faulty product fulfillment)||Altered Transactions: Transactions where the order details, such as shipping address or recipient name, are changed after Bolt has approved the order. If you’d like to change order details and retain fraud coverage, please email Bolt Support with your requested change and we’d be happy to re-review your order.|
If you are booking a transaction on behalf of your customer (i.e. phone orders), we highly recommend using the Virtual Terminal rather than booking through your website checkout. Bolt charges only processing fees on orders placed through the Virtual Terminal, and does not charge a Bolt fee. Orders placed through the website checkout will be charged both the processing fee and the Bolt fee, and the merchant is liable for any chargebacks.