Bottom line is when some ...... hits you for $4K+ of fraudulent charges CC coys don't like that. They black list them. Just when the sun was on the horizon once again, another batch of fraudulent charges surfaces making for a mighty ugly mess. IkenVape is not the only one that has been hit. Drew, Cisco and a few others about ten we know of.
Here is what Wikipedia says about chargebacks.
Overview
The chargeback mechanism exists primarily for consumer protection. Holders of credit cards issued in the United States are afforded reversal rights by Regulation Z of the Truth in Lending Act. United States debit card holders are guaranteed reversal rights by Regulation E of the Electronic Fund Transfer Act. Similar rights extend globally, pursuant to the rules established by the corresponding card association or bank network.
A consumer may initiate a chargeback by contacting their issuing bank, and filing a substantiated complaint regarding one or more debit items on their statement. The threat of forced reversal of funds provides merchants with an incentive to provide quality products, helpful customer service, and timely refunds as appropriate. Chargebacks also provide a means for reversal of unauthorized transfers due to identity theft. Chargebacks can also occur as a result of friendly fraud, where the transaction was authorized by the consumer but the consumer later attempts to frauduently reverse the charges.
Gary,
Why is it that the only time you seem to post ((here (IKV sub))is to create unwanted drama. VF too boring these days, seems to me there is never a shortage of drama over there
Feel free to ignore any posts or posters you do not like.
