Bank Wire Transfer Recall
While credit card and debit card payments are the safest methods for transacting, thousands of consumers still use bank wires as a means of transferring funds. This payment system transfers money directly from your bank account to the merchant’s.
There is one fundamental disadvantage, however, when it comes to selecting a bank wire transfer over a credit card or debit card payment: The option of a chargeback does not exist.
Chargebacks are a benefit provided to card holders by the credit card companies, however, they are limited to transactions made by credit cards and debit cards. The benefit of a chargeback however, cannot be transferred to other methods of payment.
Therefore, when dealing with a bank wire transfer recall, a completely different set of rules and procedures is necessary in order to recover your funds. Thankfully, Chargebax has a solution for you!
Can a Wire Transfer be Recalled?
When it comes to a bank wire transfer recall, an entirely different procedure is required in order to recover your funds. Bank wire transfers are subject to national banking and consumer protection laws which differ depending on the jurisdiction in question.
The first step in the process is to investigate the case and determine whether the transaction conflicts with any laws or regulations that apply to your country.
A bank wire transfer recall is a complicated procedure that requires in depth investigation and analysis of the transaction under scrutiny
Bank wire transfer recalls are a complex process and one that requires an intensive, coordinated effort by our investigative and recovery teams. It involves multiple steps that can extend from three to six months.
Chargebax will first analyze your case to ensure that it meets the minimum standards for requesting a bank wire recall. These standards are considerably higher than for submitting a chargeback, since you are not governed by the same consumer protection guidelines. Once your case has been accepted by our team, we will work with you to prepare all of the supporting documentation and evidence that your bank will need to process your claim. We will guide you through this process until the bank makes its final decision.
The process is very nuanced, and we provide the shoulder, knowledge and experience that is required. You have consumer protection rights, but the merchant will fight for his as well. Merchants work with professional companies to assist them with claims. Isn’t it time for individuals to have access to the same level of expertise as well?
Chargebax has cooperated with over 700 banks internationally on behalf of its clients. Our strategically-crafted arguments are presented in the language bankers understand. Our promise to you is this: We will invest 100% of our effort in your case and fight for you throughout the entire process.
Contact Chargebax for a free consultation and a bank wire recovery solution today.