We explain the procedure with Visa & Mastercard. Now and then, debits from the credit card can be incorrect or even unfounded. Therefore, it is essential that such items can be booked back as quickly and efficiently as possible. This is no problem with 신용카드현금화. More on this topic is explained below.
RETRIEVE A DIRECT DEBIT: THE CHARGE BACK PROCEDURE
A chargeback is now a well-known and proven method to protect against improper credit card bookings. Several parties work together to make a complaint. Usually, these are the customer (you) and your bank. On the other hand, there is the provider and his bank. This is particularly the case with Visa and Mastercard; with other providers, it can vary accordingly.
In the case of a chargeback, your bank will stand up for you and check accordingly whether you are entitled to complain about the credit card booking. On the opposing side, this is done by the provider’s bank. After the check, the two banks exchange the relevant data and try to find an agreement.
If no agreement can be reached, Visa or Mastercard can also intervene in this case and make a decision. The process works even if the company you are trying to claim back from is bankrupt.
The chargeback process is, therefore, generally the right way of revoking 신용카드현금화 bookings. As a rule, it is even so simple that it takes little effort and the banks concerned to take care of it. This is probably one of the reasons why this procedure has been so successful in reality.
HOW LONG DOES IT TAKE TO CANCEL?
The duration can vary in length and therefore vary considerably. First, it is checked whether cancellation is justified. It can be assumed that the money will usually be credited to the credit card up to 14 days after the cancellation. However, the exact time always depends on the individual case.
There is initially a period up to which related chargebacks can be specified. At many banks, a period of 6 weeks after the debit is usually standard. With Visa and Mastercard, you have a period of 8 weeks according to the guidelines. It is best to ask your bank directly by when a chargeback must be made at the latest.