0
If a company goes out of business and they owe you merchandise can you get a refund on your credit card?
Presuming you mean GOG and not Bankrupt. Although timing in either case is the key (and of course the purchase was on the card). You should protest the charge to the Credit Card Co ASAP. If the co went out of business very recently, the Cr Card company will probably be able to do so. They may ask for proof of what you are owed and copies of letters or your attempts to collect. (Presuming your acting within their return period, provide something that shows that too). If they went bankrupt, AFTER you made the purchase, it gets more complicated and it is possible you will have to file a "proof of claim" with the Bankrutpcy court and wait for their decision.
What else can I help you with?
When merchandise is returned for a refund or for credit to be applied to other purchases the situation is called?
sales return
Can I get a refund for damaged speakers?
You should be able to get a refund by calling the company and explain your situation. Usually you will be given a tag number and instructions on how to return the merchandise in order to receive a refund.
Can a credit card company intercept your income tax refund?
No.
How can I request a refund to a different credit card?
To request a refund to a different credit card, you should contact the company or merchant from which you made the purchase and provide them with the details of the new credit card you would like the refund to be issued to. They will typically be able to assist you with updating the refund information to the new credit card.
Can a credit card company intercept your income tax refund if you have a judgment against you?
Yes - the refund is an asset - which the card company can use to offset your debt !
How can I receive a refund on my credit card with a zero balance?
If you have a credit card with a zero balance and are eligible for a refund, the refund amount can be credited to your card as a negative balance. This negative balance can be used towards future purchases or you can request a check from the credit card company for the refund amount.
How can I receive a refund to my credit card that currently has a zero balance?
If you are due a refund to your credit card that has a zero balance, you can contact the company that issued the card and request the refund to be applied as a credit on your account. This will allow you to use the refund amount for future purchases or request a check for the refunded amount.
How can I request a refund to be processed to a different credit card?
To request a refund to be processed to a different credit card, you should contact the company's customer service and provide them with the details of the new credit card you want the refund to be sent to. They will assist you in updating the payment information and processing the refund to the new card.
What do you do if a company does not refund your money to your credit card within 30 days?
You have 60 days to file a dispute with the credit card company. Call the company who owes you money and tell them they have 48 hours to refund your money or you will do a "chargeback." Companies hate that word because it is like a bounced check, they get charged a $25 fee (varies from state to state). If they do not refund your money, call your credit card company and tell them you want to dispute a charge on your credit account.
How are refunds commonly returned to customers?
Refunds are commonly returned to customers in the same method that the customer paid for the merchandise. If one paid with a credit card, then a credit is added to the credit card. If a customer does not have a receipt, the refund is usually issued as a store credit.
What is the time frame in which a company is required to refund your money?
The time frame for a company to refund your money varies depending on the company's policies and the reason for the refund. Generally, companies are expected to process refunds within a few business days to a few weeks. It is important to check the company's refund policy for specific details.
What is the proper journal entry for recording a tax refund in the company's financial statements?
The proper journal entry for recording a tax refund in the company's financial statements is to debit the cash account and credit the income tax refund account. This reflects the increase in cash from the refund and properly records the transaction in the company's financial records.
