![]() |
How does the credit card refund process work? |
[Edit] |
[Edit]
Answer
WHEN YOU RETURN A PRODUCT THAT WAS PAYED FOR WITH A CREDIT CARD,IT IS REQUIRED THAT THE MERCHANT SEND THE CREDIT TO THE CREDIT CARD COMPANY,YOU NEVER RECIEVE CASH BACK
Timeline
Many credit card companies have in their terms that they have the right to take 3 to 4 weeks to credit your account with a refunded amount. So the merchant may have processed the refund but your credit card company will take 3 - 4 weeks to accept it. This is so they can hit you with balance charges...First answer by ID0000000000. Last edit by BKILEY 2000. Contributor trust: 136 [recommend contributor]. Question popularity: 267 [recommend question]
|
Also see on Answers.com
Research your answer: |
Can you answer other
questions about Credit and Debit Cards?
- What is California's sol for credit cards debt?
- Who monitors credit card companies?
- Is there a credit card out there that will email you each time you make a purchase?
- Received summon for credit card debt which was disputed via credit repair company and got it deleted from credit report Is this defense enough to win my case against plaintiff's lawyers?





