Credit card dispute specialist MyChargeBack.com, owned and operated by Cactil LLC, has announced that their ChargeBack VIP program has successfully disputed more than $1 million USD in claims to-date.
MyChargeBack’s ChargeBack VIP program helps investors recover the money stolen by Binary Options, Forex and CFD trading websites which claim to act as “brokers”, but in reality are just boiler rooms that are operating through fraudulent business practices.
MyChargeBack’s key to success is its depth of knowledge of Visa and Mastercard dispute policies, rules and procedures. Using the chargeback dispute process, MyChargeBack provides an opportunity for victims of these “brokerages” to professionally dispute charges on their credit card accounts. By leveraging the consumer rights of these victimized individuals and by clarifying to the banks the fraudulent nature of the brokerages services, the transactions can in many instances be reversed. Once the banks agree that a true violation occurred at the expense of client, the funds would be returned to the client’s account within a short period of time.
By further streamlining the chargeback process opposite the credit card issuing banks, MyChargeBack has also succeeded in accommodating a 50%-70% month-to-month caseload growth rate over the first half of 2017.
While a client’s bank may initially advise a client that dispute rights are available only within the first 120 days of the transaction,
in some situations, we have succeeded in initiating a chargeback up to a year-and-a-half after the transaction occurred,
explains chargeback expert Alan Tepfer.
What is important to note, is that every client’s case is unique, and our broad international experience within the industry and with Visa and Mastercard rules is a strategic advantage that we apply when building the strongest case possible for our clients, and has led to the success rate we are seeing.
Individuals who try to recover lost funds due to unethical business practices have gained a significant advantage by employing the team at MyChargeBack.com. Rapid processing and individual attention given to each case increases the fund recover success rate across the board, and in most cases to more than 70%. A team of experts reviews each case before the chargeback process begins and is involved in every step of the way throughout the entire process. The client is provided with both a personal report and review of the chargeback information.
On average, the entire process should take between 2-4 months but will vary from bank to bank.
Everything You Need to Know about Chargebacks
How they work, how they’re relevant, how they’re processed, and how we can assist you obtain yours.
A chargeback is, in the simplest possible terms, the retroactive cancellation and refund of a charge made onyour credit card. A request for a chargeback can be made to the bank named on the card itself, based on one of two conditions:
- You did not authorize the transaction, or
- The transactionwas made for goods or services that were not delivered as contracted.
If you didn’t authorize a particular purchase, then you’re in luck according to your bank. If your credit card was stolen or the signature on a receipt was forged, its use constitutes fraud. In such a case, you are automatically exempted from payment under the terms of the agreementyou signed with the credit card company. Your request for a chargeback will very likely be approved and your credit card account will be credited the full amount of the transaction.
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