what gives ?

[bobby_hamill]

Why is it when you make a purchase the payment is deducted from your account in less than 60 minutes
BUT when you are due a refund it can take from 3 days to 4 weeks to get the monies back

 

[Funkworks]

A company is a money valve. You should consider this to be the default setting: one way only. Then, some of them have more friendly return policies than others and these are different. We have to be careful out there, especially online. Not spending more than we can afford to lose and making sure we have a way out before getting in.

 

[tsmith1315]

After the refund is sent through the card terminal (real or virtual), we’re at the mercy of the credit card company and banks involved.

Retail centers may require the approval of a higher-up associate to control fraud (internal & external). But once it has been entered into the terminal and the batch transmits at end of the day, it’s out of their hands.

 

[techrat]

That's how banks make money. They never treat your money as your money, they treat it as their money. It's like insurance. Insurance makes money because you give them money all the time, and when you need money from them, they delay, and delay... and then you end up paying more money.

 

[Charles_McG]

The first rule of acquisition: once you have their money, you never give it back.

 

[Hobie1dog]

socially accepted criminals