| What is the timeframe for voiding a contract pertaining to EFT debit from bank account?

What is the timeframe for voiding a contract pertaining to EFT debit from bank account?

tvidato asked:

I made a reservation online for a hotel room in Las Vegas with my VISA debit card. I cancelled the reservation within 48 hrs of the ACH hitting my account. The vendor states that my credit owed, minus the standard cancellation fee, would take 30 business days yet the vendor’s site states that they will match and credit (at their discretion) any Best Price Guarantee that is found, within 7-10 business days once a reservation is booked online. Why can’t the vendor process my credit within the same amount of time as their “Best Price Guarantee”? The vendor gets his cancellation fee but is allowed up to 30 days to return my credit while collecting interest on my funds in the vendor’s account over a 30 day period of time? Isn’t that considered “Double-dipping”?
Thanx
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Comments

2 Responses to “What is the timeframe for voiding a contract pertaining to EFT debit from bank account?”

  1. OC1999 on April 3rd, 2009 11:29 am

    Yep a lot of places will charge you immediatly for charges but getting money back from them is like pulling teeth sometimes.

    If this is stated in their refund policy then there is not much you can do but wait as they did disclose it before you made the purchase. They usually stick this in pages of terms that no one reads but it is probably in there somewhere.

    In the future, I would read their cancellation and refund policies. I have seen sites that do this and have acually sent messages to them stating that I did not use their site because of a specific policy.

    There are a lot of sites that will credit any refunds in a resonable amount of time, that is a few days not a few weeks.

  2. ROCKMAN on April 3rd, 2009 6:20 pm

    Sure it is, but is in not against the law.