posted on October 10, 2001 11:52:29 AM new
seems that in all paypals TOS there is no mention on how long a buyer has to chargeback an item. If this is so then no one can close there account.I am presently in a suit with paypal and would like to know what the industry standards for chargebacks are---------INFINITY ?
posted on October 10, 2001 12:07:22 PM new
For credit cards, the consumer must contact the card issuer within 60 days. The creditor then has a maximum of 90 days to resolve the dispute.
For debit cards, the consumer must contact the card issuer within 60 days. The creditor then has a maximum of 45 days to resolve the dispute.
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That's from the consumer angle. Unfortunately, it may take awhile for the results of such disputes to trickle down to the merchant, or user of a PayPal-type service. How long do they have to notify you? I'm not sure...
