Credit card charge backs are intended to protect consumers; Federal Reserve Regulation Z offers reversal rights to credit card ...
Credit card charge backs are intended to protect consumers; Federal Reserve Regulation Z offers reversal rights to credit card holders in the United States of America. Credit card charge backs allow individuals to get their money back when they pay for a service and are ultimately not given the service for which they had already paid.
These are considered to be the last line of defense for on your credit card.
Educate yourself on the federal laws regulating credit card chargebacks
Federal laws are designed to protect all citizens in the country. There are a number of federal laws designed to assist consumers with this process. The long and short of it follows: The US federal government ruled that a person or business' credit card company is required to provide this service in certain situations, primarily in the event that the client makes a purchase with their credit card for a particular service, which fails to be delivered.
Proceed in a legal manner to try to obtain your credit card chargebacks
It is important that merchants are obtaining the funds according to what the law had laid out to ensure that they are within their rights. For example, a written request must be submitted to the credit card company within 60 days of a disputed charge showing up on one's bill.
Meet the criteria for receiving refunds as defined by credit card chargebacks laws and regulations
The credit card chargebacks laws and regulations also spell out the criteria which needs to be met by individuals and businesses who want to then receive the funds. It is important to make sure these criteria are met prior to beginning an application. For example, CA.gov discusses how chargebacks must be in excess of fifty dollars and the transaction cannot have taken place with a merchant more than 100 miles from one's home. MrsMicah.com also discusses how individuals and businesses must allow the merchant up to 30 days to refund you the money, prior to continuing your attempt to file for credit card chargebacks.