Want to reverse your credit card transactions? Here’s how to do it
Zee News
One of the most common issues with credit cards is being charged twice.
New Delhi: Plastic money is now commonly used in everyday transactions and payments. The transactions' security and reliability have piqued their interest even further. Instead of carrying cash, today's consumers want to accept and use credit and debit cards. However, on occasion, we make payments inadvertently or are forced to cancel them. How does the payment reversal work if you paid with a credit card? Let's have a look at some examples:
Online Transactions
On e-commerce websites, credit card payments are accepted. A buyer receives a full refund if he or she cancels a transaction. The refund policy of each e-commerce website is different. Some return the entire amount; others deduct a percentage of the cash as cancellation fees; and still others do not refund the entire amount but reward the buyer with points equivalent to the transaction value. Before making an online purchase, the customer should read and comprehend all of the terms and conditions.
