Answer by Pat Laing for Why does it take so long to refund to credit card?
I have been told by the travel agent making our refund that there are checks to ensure that there isn't any money laundering. The credit card company is telling me it may take up to 28 days to refund...
View ArticleAnswer by user71285 for Why does it take so long to refund to credit card?
Simple Answer: Even when merchant immediately processes a refund on your credit card, the bank has up to a certain number of days (usually 5-7) to process that refund and put it on your credit card...
View ArticleAnswer by Sebo for Why does it take so long to refund to credit card?
It's just a game that bankers who collect interest play by running you back to the merchant who already gave you a receipt for your return. Credits and debits are processed in the same file and there...
View ArticleAnswer by Steve for Why does it take so long to refund to credit card?
When you swipe or use your cc online, the instant deduction you see is not the hard charge but rather a pre-authorization. When the merchant settles their batch out, usually at 11:59pm, the hard charge...
View ArticleAnswer by Bobson for Why does it take so long to refund to credit card?
It's not usually apparent to the average consumer, but there's actually two stages to collecting a payment, and two ways to undo it. The particular combination that occurs may lead to long refund...
View ArticleAnswer by Ben Miller - Remember Monica for Why does it take so long to refund...
The holdup is from the merchant. To protect themselves, a merchant requires payment before giving you your purchased item/service. That is why you are charged immediately. When getting a refund, the...
View ArticleWhy does it take so long to refund to credit card?
I cannot understand this: if I make an online purchase with a credit card, the purchase is done instantly, and I receive a SMS notification within 5 seconds. However, if money is returned to the credit...
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