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December 20th, 2005, 02:42 PM #1
Merchant Transaction Extensions?
- Join Date
- January 18th, 2005
Why does a merchant extend transactions?
December 20th, 2005, 03:06 PM #2
I think the main reason is to allow time for returns, although some may do it for other reasons.
wait a second over a 1,000 post? I should be asking you ;-)
December 20th, 2005, 03:11 PM #3
- Join Date
- July 26th, 2005
Some merchants have strict payment structures if they are a big company and may need to give their accounting dept X number of days to make a payment.
December 20th, 2005, 03:15 PM #4
Depends on the product type. Merchants the sell actual products extend txns so that they can still correct it in the event of a return/exchange. Lead/subscription merchants may have a TOS where the customer can cancel within X number of days and get a full refund thus invalidating the txn.Akiva Bergstrom | firstname.lastname@example.org | 718-871-8286
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