Charge Backs....

[LHofsdal]

Please excuse my stupidity here, but if players are from the USA, why would they do a charge back? Don't you have to disclose where you put the money you are trying to charge back? I have never done one, that is why I am asking.

If you do a charge back, and tell them where you sent the money you are disclosing that you did use the money for gambling and putting yourself and the financial institution at risk, am I wrong in thinking this way? And if it is a credit card that your doing the charge back with, can the credit card company, that issued the credit card have the right to close your account?

I don't use credits cards to gamble, and I have noticed the term "charge back" being used alot lately. I am just wondering why anyone im the USA would put themselves at "risk" (for lack of a better term) to having whatever financial institution closing your accounts. Not to mention the casino closing your account. And alot of casinos have sister casinos now, and those accounts also being closed.

LH

 

[petro]

Sorry LHofsdal I don't know a great deal about chargebacks. I tried to do one myself about 2 years ago.

I was scammed for $1200 on eBay. It's a long and drawn out story but what happened was the goods I bought were stolen and I had to return them leaving me $1200 out of pocket. I went to my bank and asked if they can somehow get the money back for me. They said "no."

If you do have the ability to do chargebacks it's a good thing for you *especially* if your dealing with online casinos.

 

[rockycatt]

i dont want to give instructions but no ,

 

[LHofsdal]

Wow, that really stinks, you having to return your merchandise and no recourse.

I have not ever done a charge back and don't plan on doing one. I am not sure why you think it is a good thing to do one with a casino. If is a large sum of money, then maybe it is, and someone is being scammed in any way. But what are the risks USA players are taking when they do one, if there any?(The risks being with any financial institution).

Anyone know for sure?

LH

 

[vinylweatherman]

The chargeback is meant for when you get scammed, NOT when you are "in dispute". The chargeback is the LAST resort when all else fails to reach a settlement.

US players are in one sense in a GOOD position, since they do NOT have to show that they were scammed, since the mere fact that the transaction was a violation of UIGEA is enough for the bank to process the chargeback. Given that gambling transactions are "miscoded" in order to bypass banking checks, the banks may chargeback ALL the transactions it can track down, and NOT just the one being disputed.

US facing casinos stand to lose much more than the player from this, but once they feel they are dealing with a player who WILL use this ultimate weapon, NO right minded casino would want to take on this additional risk on top of the general risk of the banks themselves shutting down a conduit of funding.
There is also the fact that once a US player tells their bank it was a gambling transaction, they have exposed an entire processing route to "the authorities", not just their OWN transactions.

A chargeback should be reserved for when you have REALLY been scammed. In most cases, a casino will refund all the deposits in order to avoid suffering a chargeback, since you CANNOT get WINNINGS through a chargeback, only a return of money paid for "good and services".

Where gambling transactions are legal, it is HARDER to make a chargeback, since there has to be an investigation into the nature of the dispute, and the casino would be able to put their side.

In all cases, a record of having made a chargeback is recorded against a player, and this is very likely to have a negative impact with their future dealings with online casinos.

Players who play elsewhere should NOT resort to a chargeback for a single dispute, however, once a player has decided to quit gambling altogether, they have nothing further to lose through settling their final dispute by using a chargeback. Casinos know this, which is WHY we usually see deposits refunded in a dispute, and often at an early stage.

 

[LHofsdal]

Thanks VWM, I do see what your saying. I am not sure if other members have noticed but alot of post have been containing "charge backs" lately. I was just wondering if more damage could be done with doing a charge back then just losing your account at a casino.

Thanks again,
LH

 

[vinylweatherman]

Thanks VWM, I do see what your saying. I am not sure if other members have noticed but alot of post have been containing "charge backs" lately. I was just wondering if more damage could be done with doing a charge back then just losing your account at a casino.

Thanks again,
LH

There is clear evidence that a chargeback at one casino causes players grief at another. There is also damage to the ability of US players to deposit & withdraw, since chargebacks provide a means for a more detailed investigation into just HOW the transactions made it past the checks in the first place.

 

[3mptyseat]

Please excuse my stupidity here, but if players are from the USA, why would they do a charge back? Don't you have to disclose where you put the money you are trying to charge back?.....
LH

Good point, I think you would have to lie about the nature of the charge. I guess though, with the current atmosphere in the states, maybe the cc company would say ur a victim and allow the proceedings. IDk, good point though...