CLEARCHARGE is a product designed to process chargebacks efficiently and accurately in the cloud.
Chargebacks: A Chargeback is issued to a vendor/Manufacturer by a distributor to claim the loss incurred by a sale to the end customer, that was instructed by the manufacturer.
Example: Assume a manufacturer(M) sold a product (P) to distributor for 10$. End Customer negotiates a special agreement price with the manufacturer to sell the product P for 8$. The manufacturer instructs distributor to sell the product P to end customer for 8$ and chargeback 2$ to the manufacturer. Negotiated price between end customer and the manufacturer is maintained in an agreement. A manufacturer does not sell directly to the end customer. All the sales to the end customer happen through the distributor.