You bought something but it was not delivered,
You made a payment, Money got debited but transaction Failed.
Even after following up with the merchant, you neither received the goods nor the amount. (1/6)
You can Get the Money Back, how?
Read This Thread🧵
#creditcard
You made a payment, Money got debited but transaction Failed.
Even after following up with the merchant, you neither received the goods nor the amount. (1/6)
You can Get the Money Back, how?
Read This Thread🧵
#creditcard
🔸On Finding Yourself in such a situation,
🔸Intimate it to the card company within 25 days (SBI Cards, depending on Bank to Bank).
🔸However, resolving a disputed transaction takes 45-60 days.
(3/6)
#FinancialFreedom #payments
🔸Intimate it to the card company within 25 days (SBI Cards, depending on Bank to Bank).
🔸However, resolving a disputed transaction takes 45-60 days.
(3/6)
#FinancialFreedom #payments
🔸On raising the dispute, temporary credit to the extent of the amount disputed may be given & the bank investigates the transaction
🔸The temporary credit nullifies the unauthorized debit transaction effect so that you are not severely impacted.
(4/6)
#CreditCards #Banks
🔸The temporary credit nullifies the unauthorized debit transaction effect so that you are not severely impacted.
(4/6)
#CreditCards #Banks
🔸If your claims were prudent then the temporary credit may be made permanent or can be reversed (if not)
🔸For Example- If you have returned a product to the merchant (assume Amazon) & the amount has not been refunded within the stipulated time,
(5/6)
#financialplanning
🔸For Example- If you have returned a product to the merchant (assume Amazon) & the amount has not been refunded within the stipulated time,
(5/6)
#financialplanning
🔸Then you can file a dispute with the credit Card company. The company will ensure end-to-end resolution of the dispute.
The End
Hope You Got Some Value.
#Banks #StockMarket
The End
Hope You Got Some Value.
#Banks #StockMarket
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