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Why would an LLC charge an unauthorized amount to a debit card?
Wiki User
∙ 12y ago
Because when you dispute the charge with your bank there will be a 50/50 chance you win. This means, the company has a 50% chance of taking your money. Depending on the company and your internet activity you may be a victim of identity theft. I would keep a close watch on all my statements if I were you.
Also if you already started your dispute process with the bank I would like to recommend for you to file a consumer complaint with the BBB and Scam Book. Your complaint will raise awareness and allow other victims seek appropriate assistance.
Wiki User
∙ 12y ago
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How is having a credit balance different from having a debit balance?
For this answer, we will assume that the question refers to the manner in which lenders view credit and debit transactions. A credit transaction would be a an amount that has been borrowed and credited to a person or business. A debit transaction on the lender's books would refer to a reduction or payment by the borrower of that debit.
Is overdrawn balance debit or credit?
that would be debit, because a credit card has a certain amount you can use, HOWEVER; i believe you can overdraw on BOTH of them depending on your credit, and what bank you're useing. hope this helps.
What is the difference between debit balance and credit balance?
This is really not as simple as writing debit balance is or credit balance is:In accounting Debit literally means the left side and credit means the right side. The difference between a debit balance "account" and a credit balance "account" is:Debit balance accounts increase with a debit and decrease with a creditCredit balance accounts increase with a credit and decrease with a debitAssets maintain a debit balanceLiabilities and Owners Equity maintain a credit balanceThe above answer refers to accounting, however, I noticed that you also put this in Credit and Debit cards: using a bank debit or credit card is the opposite of the view you see doing accounting.On a Credit card statement for example, a credit balance would mean that the credit card company is "crediting" you with a certain amount, meaning you do not owe that amount anymore. A debit would be a rise in the balance you "owe them".
Is advertizing a debit or credit?
In the terms of accounting - advertising would be a debit - since you would be paying someone to advertise your business.
What would the journal entry be entitled when merchandise is sold for cash?
Dr.Cash ( with the amount of the sales we made) Cr.Sales. on the other hand. Dr. COGS. ( with the COST amount of this goods) Cr.Invetory
What would you do if the credit amount is greater than the debit amount in the trial balance?
You would post the surplus credit into the 'Unassigned credit' entry.
Do all banks charge debit card fees?
There are some banks that do not charge for debit card use for things like internet shopping. To find the right bank, you would need to check with a few different ones, and see who offers the best rates.
How is having a credit balance different from having a debit balance?
For this answer, we will assume that the question refers to the manner in which lenders view credit and debit transactions. A credit transaction would be a an amount that has been borrowed and credited to a person or business. A debit transaction on the lender's books would refer to a reduction or payment by the borrower of that debit.
How can Apple I Tunes be contacted for a credit card charge that card holder did not make?
there is a charge did not make and it appeared on my debit i would like to be removed. how do i contact Apple I Tunes
Is mega flix safe?
BEWARE! Megaflix is a scam site. I'm spreading the word-- I signed up a few weeks ago, and supplied my debit card number. The site claimed that it only needed the number to verify that I was a citizen or something and that no charges would appear. I was skeptical, but saw that it had "https" so I went ahead and gave it. I guess that doesn't mean anything, because in a few days I saw a $50.00 charge on my debit card from them. I called Chase (my bank) and told them the charge was unauthorized. They refunded me the money and took care of the dispute themselves. In a few days I received a letter in the mail from Chase that the charge WAS unauthorized and the refund was now permanent. I got my money back, but I'm still checking daily for foreign charges. You don't want this. Don't give these -ssholes anything.
How do you use unauthorized in a sentence?
They would not allow him in as he was unauthorized to enter that part of the building.
Journal entry for applying a payment in receivable system?
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
How long does itunes take to charge debit cards?
the rules have changed for iTunes. it use to be that a certain amount had to be placed first, ( i.e. $32.84 and the cut of amount was $50 before they charged any card, you would still need to make more purchases or wait a bit ) or a 24 hour time span.
How do you charge pie by the slice?
If you are referring to the pie as in food; you would decide how much you would charge for the pie then cut it into however many slices then divide the amount of the entire pie by the amount of slices.
Is overdrawn balance debit or credit?
that would be debit, because a credit card has a certain amount you can use, HOWEVER; i believe you can overdraw on BOTH of them depending on your credit, and what bank you're useing. hope this helps.
Can you get debt with a debit card?
Yes you can. It would be limited because when you use your debit card it checks for your balance in the checking account. If you you have it linked to your saving or to a credit card than it will reduce your savings account first and then charge the credit card.
If you received a 1.00 item from a large mail order house that you were not charged for would you go to the trouble and expense of mailing it back?
No, it will cost more to mail back. I would wonder why I got it. Check to see if your credit or debit card number has been used. Some identification thieves will use a very small amount to charge to your account and if that goes through they know it is valid. Then, they charge more in your name.
