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Subject: 
Re: e-Commerce, Entertainer, Exchange rate
Newsgroups: 
lugnet.market.shopping
Date: 
Fri, 17 Dec 1999 19:28:47 GMT
Viewed: 
284 times
  
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 think any vendor should ever
process a charge until the goods are shipped.

Doug

In lugnet.market.shopping, Frank Filz writes:

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



Message has 1 Reply:
  Re: e-Commerce, Entertainer, Exchange rate
 
(...) I've heard from a couple of friends of mine who run online computer "stores" that their merchant agreements specifically forbid charging before shipment. Wouldn't know that to see what some companies do, though. (25 years ago, 17-Dec-99, to lugnet.market.shopping)

Message is in Reply To:
  Re: e-Commerce, Entertainer, Exchange rate
 
(...) 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. (...) (25 years ago, 17-Dec-99, to lugnet.market.shopping)

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