Chargebax Expert

Report a Scam and File a Chargeback Against Oliver Briggs

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File a Complaint against Oliver Briggs

Is Oliver Briggs a Scam? 

Oliver Briggs is a cryptocurrency broker that says it has a license from St. Vincent and the Grenadines. So that means it is a licensed broker and reliable, right? No. Not all licenses are created equal. St. Vincent and the Grenadine is a third-rate broker that gives out licenses for a fee without providing oversight. In addition, the Nova Scotia Securities Commission has warned consumers about Oliver Briggs.

Is Oliver Briggs a Scam or Legit?

When a government securities agency warns the public about a broker, it is safe to say that the broker should be avoided. It is a cautionary tale about trusting just any license. When looking for licensing, ensure it is from a top-rated regulator. Many brokers have fake licenses or have had them revoked. In this case, Oliver Briggs has a license, but it is not worth the paper it is written on. 

Here are some problems we have discovered from our research on Oliver Briggs and reviews:  

  • Third-rate license
  • Warning from Novia Scotia Securities Commission
  • Bad reviews
  • Offers only risky assets

ChargeBax experts have examined Oliver Briggs and have concluded it seems like a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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    Report a Scam and File a Chargeback Against HK Kaiser Intl

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    File a Complaint against HK Kaiser Intl

    Is HK Kaiser Intl a Scam? 

    This may seem like a legitimate broker because HK Kaiser Intl does sound like a legitimate broker based in Hong Kong. However, it is nothing more than a clone site of regulated Kaiser Futures Limited. The SFC or the Securities and Futures Commission of Hong Kong has raised the alarm about HK Kaiser Intl that it is a fake version of a legitimate broker. 

    Is HK Kaiser Intl a Scam or Legit?

    HK Kaiser Intl promises clients it trades precious metals, forex, crypto, and other assets. It claims to have flexible trading choices such as direct trading. It also warns of the risks of CFDs. However, there is no “About Us” section or any names of real people behind the site. However, the real indication it is a scam is the warning from the SFC. 

    Here are some problems we have discovered from our research on HK Kaiser Intl and reviews:  

    • A clone site
    • Warning from the SFC
    • Poorly designed site
    • Badly worded content
    • No visibility about who runs the service

    ChargeBax experts have examined HK Kaiser Intl and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.

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      Report a Scam and File a Chargeback Against ROFX

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      File a Complaint against ROFX

      Is ROFX a Scam? 

      There is little doubt that ROFX is a scam broker. As of October 2021, ROFX has had its assets frozen and there is legal action taken against this broker by investors who have lost tens of millions of dollars. ROFX boasted of a “robotically operated foreign exchange platform” that would make guaranteed returns for clients through algorithms. This turned out to be a hoax. Instead, ROFX is nothing more than a Ponzi scheme and no trading was taking place. 

      Is ROFX a Scam or Legit Broker?

      ROFX showed some initial gains for most of its clients, but these were just numbers on a screen because no actual trading was taking place. In spite of claiming that it was making money on behalf of clients with forex trading, the broker rarely allowed clients to access their funds and pocketed them instead. ROFX is a cautionary tale about unregulated brokers who make impossible guarantees. 

      Here are some problems we have discovered from our research on ROFX and reviews:  

      • Not regulated
      • Fake automated trading and software
      • Legal action against broker
      • Clients were rarely allowed to withdraw money
      • Guaranteed returns

      ChargeBax experts have examined ROFX and have discovered that it is a scam broker. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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        Report a Scam and File a Chargeback Against CPLOne

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        File a Complaint against CPLOne

        Is CPLOne a Scam? 

        CPLOne advertises itself as an “all-in-one advertising platform” which claims to place clients’ banners on websites with high traffic. It promises generous passive income for those who want to get started with affiliate marketing. However, professional marketers have noted that their business model is fishy and CPLOne has been connected with a prior and similar scam. CPLOne fools people by having a convincing web design and paying a bit of money back to people at the beginning.

        Is CPLOne a Scam or Legit?

        CPLOne tells customers they can just open an account and start earning, but that is not how marketing works. CPLOne has been tracked to another scam called Click2Sell, which advertised the same service but took money from clients. Apparently, after disappearing, it has re-emerged as CPLOne. One tip-off is that the business model doesn’t make sense, and any company would lose money offering space on their own high-traffic sites to others. 

        Here are some problems we have discovered from our research on CPLOne and reviews:  

        • Business model doesn’t make sense
        • Reports of customers not getting their money
        • Traced to prior scam
        • Extravagant promises
        • No clear identity of people behind CPLOne

        ChargeBax experts have examined CPLOne and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

        How to Report a Scam?

        The best chance for a successful chargeback is to start the process as soon as possible.

        Start by filling in the following form and a representative will contact you to provide all the information you need to know in order to get your chargeback process started.

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          Anti-Money Laundering Compliance Is The Solution To Having A Risk-Free Business

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          Did your business encounter fines and sanctions due to ineffective AML compliance? Did you take all precautionary measures to prevent money laundering and still face fraudsters?

          Have a read regarding the basics and necessities of digital AML solutions and their merits.

          Money laundering has been one of the most prevalent crimes in the world in the past few years. According to UNODC, the approximate estimated amount of money that has been laundered internationally is USD 800 to USD 2 trillion. In other words, it rounds up to 2 to 5 percent of the world’s Gross Domestic Profit (GDP).

          All financial sectors and government bodies continuously develop new ways and policies to combat money laundering activities and financial crimes.

          AML Verification and its Effective Compliance

          What is Money Laundering?

          Money laundering is the conversion of money acquired through unlawful activities into legal money. The biggest financial crime known as money laundering has ulterior motives of hiding the unlawful money behind legal transactions. The money is either hidden in shell companies or shares are bought from it.

          What is Anti-Money Laundering AML Compliance?

          Anti-money laundering by law is the prevention of money laundering activities and financial crimes. The world is full of global and local regulations that have mandated all financial institutes dealing in monetary transactions to abide by these rules. Failing to do so may lead them to face hefty fines and sanctions. As a result, all organizations are required to follow AML regulations and have to establish compliance departments. But doing so is a challenging, time-consuming task.

          AML solutions and screening is the most effective risk assessment method to verify the companies existing and potential customers under AML guidelines.

          What is Effective AML Compliance?

          • The corporate policies, controls, and procedures have to be aligned with AML rules and regulations and, if possible, adopt in-house security protocols.
          • Rather than maintaining manual customer data records, businesses must shift to digital AML verification, which can verify individuals within seconds.
          • Perform real-time verification that diminishes human error.
          • Screen individuals through global watchlists, sanction lists, PEPs lists, and adverse media.
          • Reporting all unusual transactions of customers and performing enhanced due diligence on any suspicious activity before reporting them.
          • Train employees regularly and update them on new regulations. Maintain ownership throughout the company.

          Why is AML screening performed?

          AML compliance screening is performed due to three purposes.

          1. Risk-assessment
          2. Avoiding violation sanctions and fines
          3. Protecting the businesses from financial losses and then reputational loss

          Businesses have to prevent their entity from facing financial losses due to money laundering sanctions and fines. All individuals that have been involved in money laundering activities have their names in sanction lists and global watch lists. Businesses need to avoid getting their names on the sanction list through anti-money laundering verification.

          But now that we know why AML monitoring is beneficial let’s dig in to understand when AML compliance must be performed.

          When to perform AML screening?

          There are multiple occasions businesses go through when they have to perform AML screening on their customers. For instance, companies must perform anti-money laundering verification when onboarding customers and clients, especially when opening accounts in banks. Additionally, they are required to conduct screening when the risk associated with customers increases over time. Therefore, regular monitoring of customers and clients is also essential.

          The Process of AML solutions

          AML screening is performed by collecting the individual’s basic details, such as their full name and age. Then the person is required to upload their ID documents such as passports, ID card details, and other necessary details. These documents are first verified and authenticated then the image provided is checked for any fakes. After the verification, the individual’s name is checked against multiple worldwide sanction lists and global watch lists. They are also checked if they are ultimate beneficial owners, and if they are, their transactions are regularly monitored.

          Digital vs. Manual AML Screening

          Manual AML solutions have many drawbacks, such as the following

          1. They are costly because businesses have to hire extra workforce
          2. They are prone to human error and misses because, well, human beings are imperfect
          3. Time-consuming

          But there are multiple perks to digital AML compliance verification, such as

          1. Cost-effective
          2. Designed through artificial intelligence, which is programmed to assist human beings
          3. Can perform deep checks, fake checks
          4. Stays up to date with the changing regulations
          5. A fast and robust procedure

          Conclusion

          AML guidelines are essential to deter fraud and money laundering activities. The sanctions imposed by the government and global authorities are to provide benefits to the world’s economy. Digital AML solutions are the way towards better, faster, and better AML compliance.

          Credit Card Chargeback

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          Chargeback credit card folder on the desk

          What is a Chargeback credit card?

          A credit card chargeback is the payment amount refunded to a debit or credit card when the customer disputes the transaction or returns the item purchased. In case of claiming fraudulent activity, a credit card chargeback reverses the credit transaction of the cardholder. Credit card chargeback is the system to save the credit card holders from the fraud merchants selling dissatisfactory products or services. A cardholder is supposed to resolve the issues with the merchant for their purchase before requesting any credit reversal because an unjustifiable claim not only hampers the business but also makes the cardholder commending criminal fraud. 

           Main reasons for Chargeback by credit card

          • Payment charged for the items never received 
          • Merchant charged the amount twice by mistake
          • Charged Mistakenly because of technical issue
          • Card holder’s card information is not accurate
          • Merchant selling defective items or involved in fraudulent activities, etc. 

          Credit card chargeback Merchant Rights

          To ensure merchants’ parity, merchants’ substantial rights under the chargeback system allow the merchants to dispute the chargeback whenever possible. 

          A disagreement with chargeback allows merchants to show their legal sale, whereas choosing not to combat chargeback tends to increase the merchant’s fraud. 

          There are specific procedures and guidelines for the merchants to follow to engage in chargeback representation to dispute a chargeback if the claim is unreasonable or unfair. 

          Key Protections for Merchants

          The chargeback process is designed with credit card chargeback laws and rights for both consumers and merchants. There are primary credit card chargeback Merchant rights, such as as-. 

          1. Chargebacks cover up the purchase price only. The bank is not entitled to make the full chargeback. The chargeback can be made whole or partial for the transaction, and the bank can also issue multiple partial chargebacks. The amount of chargeback cannot exceed the total amount of the transaction.
          2. The cashback amount cannot be included in the chargeback amount. 
          3. In the product’s late delivery, the customer can demand chargeback only after returning the product. 
          4. In the case of returned items, a customer cannot file for chargeback before fifteen days. The law for a merchant gives the merchant ample time to review the purchase activity and then issue a refund. 
          5. Reason code is another substantial merchant right that needs to be attached with the chargeback notifications to justify the chargeback. With the reason code, a customer may also need to resolve the merchant’s complaint before filing for the chargeback. 
          6. Representment is the merchant right that enables the merchant to dispute a chargeback by providing convincing proofs to the card issuer or the bank.

          Credit Card Chargeback Time Limits

          To file a chargeback on a transaction, 60 days to 120 days is a standard time limit for a consumer depending upon the credit network and the chargeback reason code. In some cases, it can take up to 6 months to 365 days to resolve the issue. Similarly, depending upon the credit network and the chargeback reason code, Merchants get around 45 days to fight back or clash with the chargeback.  

          A chargeback is an integrated and consequential procedure that requires expert guidance to dispute the transaction successfully. Choosing the chargeback management company wisely helps you by offering concrete strategies and solutions to ensure successful chargeback and significantly increase your chances for successful fund recovery.

          If you looking for a reliable chargeback credit card assistance or any other help , please contact us by filling out the form or send us an email and we’ll be happy to assist.

          Online Payment Processors and Filing a Chargeback

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          Online payment processors have dramatically affected transactions but what happens when you need a chargeback?

          Imagine you found an online store that sold your favorite pair of name-brand shoes for a fraction of the retail price. You placed an order, made a payment and the countdown for its arrival.

          The day finally comes. The shoes are delivered to your door and the excitement has reached its pinnacle. You opened the package to find a counterfeit pair of shoes not worth the box they’re sitting comfortably in. Sorry buddy, you’ve just been scammed!

          Unfortunately, this is only one of a handful of circumstances in which a debit or credit card transaction can create problems. Often packages just never show up. Other times consumers are charged twice for the same goods or services. Either way, this is your money and you deserve to get it back as soon as possible. You quickly begin to research the online payment processor and get to work on arranging a chargeback.

          What is a Chargeback?

          A chargeback is essentially a refund credited to a cardholder’s account after a dispute has been raised and the transaction is retroactively cancelled. Chargebacks can be obtained  for both debit card and credit card transactions and are governed by the card company’s terms of use. 

          There are two types of chargebacks.  One is for an authorized transaction  and one for an unauthorized transaction, also known as fraud. It is most important to understand the difference between the two.

          There are a number of reasons why  a cardholder can dispute a transaction. For example, a card could be charged by a merchant for items that were never received. A merchant might inadvertently charge a cardholder for a purchase twice. Sometimes, technical issues arise that generate incorrect charges. And then there are cases in which subscriptions and other services are not properly cancelled and the charges continue to appear on your monthly bill.

          Attempts to dispute a transaction, especially one that was authorized, can be a difficult and time consuming task. This is due to the necessary evidence you will need to present and the reluctance of banks to consider such cases.

          Online Payment Processors and Your Chargeback

          Online payment processors have transformed how we process transactions. Their presence in the payment ecosystem has grown exponentially since the outbreak of the COVID-19 pandemic. Amazon Payments, Transferwise, Paypal, and Stripe are just a few of the players that have joined the online payments platform. These companies help millions of consumers transfer funds effortlessly and at minimum cost.

          So what are the implications when you transfer money using one of these online payment processors? Unfortunately that’s not very clear. The answers lie hidden in the fine print on each company’s terms and conditions page. The majority of them, however, like traditional banks, do not have the resources, time and expertise to deal with such cases. It doesn’t increase their bottom line and it’s easier for them to just reject your request.
          There is an alternative solution that we can recommend. Leaders in fund recovery and alternative dispute resolution, MyChargeBack has a proven track record of delivering results to the thousands of satisfied clients they have assisted over the last few years. If you believe you are the victim of a scam, MyChargeBack will analyze your case and assist you throughout the entire recovery process.