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How does the credit card refund process work? |
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 Bill Dispoto. Last edit by BKILEY 2000. Contributor trust: 136 [recommend contributor]. Question popularity: 267 [recommend question]
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