Caught out by debit card refund time limit

Customers trying to get a refund on goods bought with a debit card - using chargeback - could be in for a nasty surprise. The chargeback scheme is a little-known loophole, that means that if you paid for something by debit card and you didn't get what you paid for, you can apply to the bank to have the transaction reversed. It gives debit card-holders somewhere else to turn if the company in question refuses a refund or goes out of business.

However, customers are discovering it is nowhere near as flexible as the rules protecting credit card users.%VIRTUAL-SkimlinksPromo%