This step separates all websites that might look suspicious for the trained eye.

This step is about analyzing everything about a specific website. Usually there is something that gives them away, if you know how to do the proper research.

Sometimes there are some websites which are very careful in everything they do. In case we cant find out from the third step we register to the website itself to look inside it and communicate with the staff to find out their methods.

After analyzing all the data we post the review about the company. Scamwatcher.org does not have the intention to hurt anyone’s business unless we believe they are 100% scam.

A chargeback is essentially the reversal of a charge made to your credit or debit card. Credit and debit card transactions are highly controlled and regulated in order to protect both consumers and merchants. Visa and MasterCard for example, have a set of terms and conditions that govern the use of their cards.

These terms and conditions govern the rights and responsibilities of the cardholder, their bank, the merchant and the merchant’s bank.

A consumer who has lost or had their card stolen, for example, can notify their bank to reverse any charges made. In addition, card holders are able to reverse an authorized charge for goods or services that were not received as advertised.

Chargebacks cover all transactions made with a credit and debit card

1️⃣ – Customer initiates a dispute request over a transaction.

2️⃣ – Issuing bank reviews dispute charge and send transaction to acquiring bank electronically

3️⃣ – Acquiring bank receives the chargeback request, resolves the issue automatically or forwards it to the merchant

4️⃣ – Merchant either accepts the chargeback request or rejects it by sending evidence to the acquiring bank

5️⃣ – Acquiring bank reviews the evidence received from the merchant, ensure it meets the requirements before sending it to the issuing bank

6️⃣ – Issuing bank reviews evidence received from the merchant and makes a decision on the chargeback request

7️⃣ – Cardholder and merchant are notified of the decision where either party can initiate arbitration in the event that they disagree with the decision

The timeframe to issue a chargeback typically depends on the card companys’ terms and conditions. Generally, cardholders should advise their bank within 120 days from the date of the transaction, however cases can extend up to 540 days and even beyond that with certain card companies. The key for a successful chargeback, however, is to file the request with your bank as soon as possible.

It is difficult to accurately ascertain how long it will take for a successful chargeback as each case is different and there are many variables that determine the final outcome. Generally speaking, the chargeback process can take anywhere from 4 – 6 months. This time frame could be shorter when dealing with a simple case and slightly longer when dealing with more complicated cases.

A chargeback fee is imposed by banks in an effort to recover incurred costs while handling consumer chargebacks and disputes associated with your account.