Screwed around

[Claude Hopper]

Why is it that when you purchase products or services on line that your
credit

card gets charged within the hour but if you want a refund or credit it
takes

(they say) 5 go 7 business days and actually takes 30 days? Do electronic

transfers only work in one direction?

And why can't you quit a service you purchased on line at the web site

where you bought it and have to call up on the telephone to cancel?

Isn't that entrapment? Take Equifax credit monitoring for example.

Why is the public always on the short end of the business stick?


--
Claude Hopper

? ? Ľ

 

[Jerry G.]

When you buy something online, if it a physical product they must wait
until they recieve it back in re-sell condition. If it is a service
that you ordered, in theory they should refund you immediately.

The reason for the delay is simple. The credit card companies through
private banks are making many millions of transactions per day. Each
refund must be verified to make sure that it is correct and there are
no security issues. This should take about 12 to 24 hours maximum if
they want to be detailed.

The main reason for the delay is that with the many millions of
transactions going on per day, there is a huge amount of money flow.
Out of the many millions of transactions there are many demands for
returned products and cancelled services. This represents in
incredible amount of money per month that can add to many millions of
dollars per day. Because this money is now for cancelled products or
services it is actualy free money for a period of time.

This money is an on going huge flow. They can take this flow and make
delays for 30 day periods. When holding this money in delays, they can
flow it through money markets, bond funds, debentures, and also for
other business financing and partnerships.

With the 31 day delay (full month) they can have a steady flow of
interest and dividend income to add to their profits. Because the flow
is continious they are making a continous income from the generated
dividends and interest payments. This way they actualy make money on
returned items and returned services! It is very possible that they
can be making as much as anywhere from 3% to 10% depending on the
type of investments they are doing.

On top of all this, these online companies pay their bills based on
30, or 45 or 60 days. This means that they don't pay their suppliers
for at least 30 days or more. This money holding can be added to their
flow through investments.

So, remember when you buy with a credit card and you return the item
or service, you just made the credit card financiers a free loan for a
month.


Jerry G.

--

On Nov 20, 11:52 am, Claude Hopper <boobooililili...@roadrunner.com>
wrote:

 Why is it that when you purchase products or services on line that your
credit

card gets charged within the hour but if you want a refund or credit it
takes

(they say) 5 go 7 business days and actually takes 30 days? Do electronic

transfers only work in one direction?

And why can't you quit a service you purchased on line at the web site

where you bought it and have to call up on the telephone to cancel?

Isn't that entrapment? Take Equifax credit monitoring for example.

Why is the public always on the short end of the business stick?

--
Claude Hopper          

?       ?       Ľ

 

[b]

On 20 nov, 17:52, Claude Hopper <boobooililili...@roadrunner.com>
wrote:

bought it and have to call up on the telephone to cancel?

Isn't that entrapment? Take Equifax credit monitoring for example.

Why is the public always on the short end of the business stick?

welcome to the (not so) wonderful world of capitalism....

 

[b]

On 20 nov, 17:52, Claude Hopper <boobooililili...@roadrunner.com>
wrote:

bought it and have to call up on the telephone to cancel?

Isn't that entrapment? Take Equifax credit monitoring for example.

Why is the public always on the short end of the business stick?

welcome to the (not so) wonderful world of capitalism....

 

[PeterD]

On Sun, 30 Nov 2008 18:39:40 -0800 (PST), b
<reverend_rogers@yahoo.com> wrote:

On 20 nov, 17:52, Claude Hopper <boobooililili...@roadrunner.com
wrote:
bought it and have to call up on the telephone to cancel?

Isn't that entrapment? Take Equifax credit monitoring for example.

Why is the public always on the short end of the business stick?

welcome to the (not so) wonderful world of capitalism....

So Spain doens't have capitalism? OK, have a good time!