Subject:
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Re: e-Commerce, Entertainer, Exchange rate
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Newsgroups:
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lugnet.market.shopping
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Date:
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Fri, 17 Dec 1999 19:10:01 GMT
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Viewed:
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265 times
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Doug Finney wrote:
>
> In lugnet.market.shopping, Frank Filz writes:
> > Nick Goetz wrote:
>
> > > To me it seems like a fair course of events (between the credit card and
> > > myself that is). One day they exchanged currency a for currency b. The next
> > > day they converted currency b back into currency a. It would have been
> > > better for me if the order was just cancelled by the Entertainer but instead
> > > my order was processed, completing the exchange (which to me means to me I
> > > should be getting the sets but that is another thread :-) ) and then the
> > > charge was refunded at a later date.
> > >
> > > It is possible the credit card company would eat the cost, but I doubt it. I
> > > will give them a call and see what happens.
> >
> > It seems to me they should eat it. In all probability, they paid nothing
> > since they presumably don't exchange money on a daily basis
>
> My guess is the CC company will pay for it but the Entertainer *should*. They
> (credit card) may prefer it if you dispute the charge and refund.
Why should the vendor pay? Again, I don't think the credit card company
exchanges money on a daily basis. I don't think they even bill the
vendor on a daily basis. Also, the vendor is dealing with their local
branch of the credit card company. I wouldn't be surprised if the
branches of the credit card companies only pass money back and forth on
a quarterly (or perhaps monthly) basis.
--
Frank Filz
-----------------------------
Work: mailto:ffilz@us.ibm.com (business only please)
Home: mailto:ffilz@mindspring.com
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Message has 1 Reply:
 | | Re: e-Commerce, Entertainer, Exchange rate
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| Because they shouldn't have processed the charge in the first place (IMO). It's probably true that the credit card company would probably not take an actual loss anyway so that probably makes more sense. Perhaps just a peeve of mine but I don't (...) (25 years ago, 17-Dec-99, to lugnet.market.shopping)
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