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ACH still has chargebacks. For up to six months after the debit, no less.

by aianus 10y ago

deleted 10y ago
[deleted]
tyingq 10y ago
It does, but the only allowable reason is "not authorized". Of course, for this type of fraud, that's the reason that matters. Thought it worth mentioning though, because in the CC world, a lot of the fraud is return fraud. Like "Item Not Received" or "Not as Described" being used when they aren't true.
- mjevans 10y ago
  I wonder how much of "Item Not Received" is due to poor transport security, like delivering the item to someone's 'property' but just leaving it outside, unattended and unsecured.
  - tyingq 10y ago
    That's part of it. The chargeback system is a complete joke, however. I had one guy that I was very suspicious about, so I hired a PI to see if the item was visible in his small business, and take a picture. The tracking number showed the item delivered to the person, signed for with an known employee's name. I submitted this, as well as a picture of the item in the guy's shop. I still lost the chargeback. Got my revenge in the end though...see below. A tip for anyone that's has a particular chargeback where they know they were screwed. If the issuing bank has any presence in your state...sue the cardholder's bank (or perhaps Visa/MC/AMEX) in small claims. In my case, Chase settled for the amount I sued for, which I made sure was on the high side. They don't like to spend money on corporate lawyers going to small claims.
    - seanp2k2 10y ago
      First off, what a jerk, glad you got your money back. Second though, too bad you can't sue for damages in time wasted stressing out about this and having to file a lawsuit + likely do some research. Hopefully it was at least a few grand to make it worth your time. Hopefully also you appealed the first chargeback decision, which I'm guessing took at least a month or two. Some people just seemingly think of creative ways to screw other people for fun, or because they figure no one will stop them.
    - metilda 10y ago
      Well, in most small claims court cases they can't send a lawyer, and have to send an employee who is unfamiliar with the case, which for a company like Chase may mean flying in an employee and putting them up for a night or two.
kyrra 10y ago
Fun aside. In the UK the Bacs system (similar to ACH) has no time limit on chargebacks (called indemnity claims). So you could do an indemnity claim there 10 years after the debit.

ACH still has chargebacks. For up to six months after the debit, no less.

by aianus 10y ago

ACH still has chargebacks. For up to six months after the debit, no less.

deleted 10y ago

[deleted]

tyingq 10y ago

It does, but the only allowable reason is "not authorized". Of course, for this type of fraud, that's the reason that matters. Thought it worth mentioning though, because in the CC world, a lot of the fraud is return fraud. Like "Item Not Received" or "Not as Described" being used when they aren't true.

mjevans 10y ago
I wonder how much of "Item Not Received" is due to poor transport security, like delivering the item to someone's 'property' but just leaving it outside, unattended and unsecured.
- tyingq 10y ago
  That's part of it. The chargeback system is a complete joke, however. I had one guy that I was very suspicious about, so I hired a PI to see if the item was visible in his small business, and take a picture. The tracking number showed the item delivered to the person, signed for with an known employee's name. I submitted this, as well as a picture of the item in the guy's shop. I still lost the chargeback. Got my revenge in the end though...see below. A tip for anyone that's has a particular chargeback where they know they were screwed. If the issuing bank has any presence in your state...sue the cardholder's bank (or perhaps Visa/MC/AMEX) in small claims. In my case, Chase settled for the amount I sued for, which I made sure was on the high side. They don't like to spend money on corporate lawyers going to small claims.
  - seanp2k2 10y ago
    First off, what a jerk, glad you got your money back. Second though, too bad you can't sue for damages in time wasted stressing out about this and having to file a lawsuit + likely do some research. Hopefully it was at least a few grand to make it worth your time. Hopefully also you appealed the first chargeback decision, which I'm guessing took at least a month or two. Some people just seemingly think of creative ways to screw other people for fun, or because they figure no one will stop them.
  - metilda 10y ago
    Well, in most small claims court cases they can't send a lawyer, and have to send an employee who is unfamiliar with the case, which for a company like Chase may mean flying in an employee and putting them up for a night or two.

kyrra 10y ago

Fun aside. In the UK the Bacs system (similar to ACH) has no time limit on chargebacks (called indemnity claims). So you could do an indemnity claim there 10 years after the debit.