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But they did receive the gift card. Why should the payment processor assume the risk that, possibly years later, someone doesn't honor the gift card?
by brianpgordon 8y ago
But they did receive the gift card. Why should the payment processor assume the risk that, possibly years later, someone doesn't honor the gift card?
- ThrustVectoring 8y agoThey're not assuming the risk, the merchant bank is. And the merchant bank should be mitigating that via holding back a portion of credit card receipts from companies for the specific purpose of honoring chargeback demands.
- tdhoot 8y agoI don't think you can chargeback years later, it's usually 45-120 days.