the payment goes to them within a day or two sometimes immediately, yet when you go to get a refund for a faulty product, etc it takes up to and over 7 days for your card to be refunded!!!
2007-05-15 13:55:01 · 14 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
"csucdart"...! sorry you are not so important to my life for me to go searching to see which questions you ask!! Talk about throwing your dummy out of your pram!! Get a Life!!
2007-05-15 14:05:17 · update #1
with regards to payments to the speed depends on 1) how frequently the retailer completes 'uploading/end of day reports' to the bank. Some larger companies do this in real time, other smaller companies maybe manually once a day.
The speed of debit and then refund once the details have been uploaded depends upon 1) the retailers bank 2)your bank and account 3) the day of the week (ie: is it a workind day)
The more sceptical people will realise that some companies may use a different system to refund on then they take payments on - in this way the times can be partially controlled by them
2007-05-15 14:01:43 · answer #1 · answered by Anonymous · 1⤊ 0⤋
A lot of that depends on the business, how they settle their credit cards, and what bank you have.
I work in the finance office for a non-profit museum. I deal with refunds all the time. I can refund any amount of money very easily from my desk (I'm hooked up with the credit card system our front desk uses), the refund is effective immediately as soon as I hit the send button, but sometimes the banks (either ours or theirs) don't refund the actual amount until several days later. I think a lot of that wait time has to do with the banks verifying the charges and refunds.
2007-05-15 14:17:11 · answer #2 · answered by DH 7 · 1⤊ 0⤋
People really dont have time to check question history. So you are right to ask. It is the same with my bank. When I pay in cash through the cash point, it takes about four days to appear on the balance but when you take money out it is on the balance there and then.
2007-05-15 14:27:32 · answer #3 · answered by K. Marx iii 5 · 0⤊ 0⤋
Its your bank that slows the process down. The refund in the shop is put on to your card straight away.
2007-05-15 19:48:38 · answer #4 · answered by richard_beckham2001 7 · 0⤊ 0⤋
You make them reverse the card transaction.They can do it as fast as they take money off of you.
2007-05-15 14:01:16 · answer #5 · answered by Del Piero 10 7 · 0⤊ 0⤋
Yeah Im sure you will. What a lovely surprise for your friend.
2016-05-19 15:02:08 · answer #6 · answered by jackie 3 · 0⤊ 0⤋
The longer they have hold of the money, the more interest they gain.
2007-05-15 14:09:41 · answer #7 · answered by Polo 7 · 3⤊ 0⤋
capitalism is not supposed to be fair, just easy and accessible to everyone [this corner of the planet]
2007-05-15 13:59:19 · answer #8 · answered by Splishy 7 · 0⤊ 0⤋
its a scam. they want you not to bother asking for a refund so they try their damndest to keep your money from you as long as humanly possible.
cheapskates!
2007-05-15 14:19:14 · answer #9 · answered by Anonymous · 0⤊ 1⤋
For banks it is all about how much money they can make.
2007-05-15 14:01:38 · answer #10 · answered by ab63n22 2 · 0⤊ 0⤋