Quote:
Originally Posted by Dark Rage
What happens to your money if the store goes under?
Visa charge back time period is only 120 days.
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Visa may likely cover you, even if his company or he disappears.
To go under, they have to declare bankruptcy to get creditor protection. Even in that case, Visa wants to protect their customers from fraud, (if they consider the actions to be deliberate and dodgy) so they may refund you if outside the policy dates.
Many of us in the past bought TFs from sellers on Ebay that often disappear, if they claim your item would be sent after 200 days as a preorder for example, the Visa coverage starts from the day it was suppose to be sent. Often those seller stores just disappear, Paypal often would give an immediate refund in full at that point as they dont want to support fraud, even when you get ghosted and the store goes under. With laws being what they are in Canada, the standards are alot higher for those issues.
Always ask, as with issues considered to be fraud their supervisors have leniency. If the seller responds to them as well, they have to show they sent you the item as described in full with postal tracking information. They cant decide to just take your money due to their lack of performance.
You cant sign a contract to break the law, no matter what anyone says. You cant create legal agreements that run contrary to your region's legislation. Even with bankruptcy protection, the biggest creditors, the Govt and Banks, often get paid back through the corporate setup of the company. It mostly protects the owner's personal assets so they dont lose their home and kid's GiJoe with the kung fu grip because they took a risk to create income and jobs in their society.
