Krzysieq 55 Posted October 1, 2019 Share Posted October 1, 2019 I’m not sure how much is EU legislation and how much is country dependant, but in DK you are fairly secured to get your money back for a EU trade gone wrong paid with a credit card. I think it is some mutual insurance scheme between the banks that cover the losses – but do not know the finer details. IF you use some paying agency like PayPal, you are NOT secured by the banks though, but PayPal got their own buyer protection arrangements. Which is precisely why it's in FXTec's own best interest to improve their communication style with the community here - after people start asking their credit card company to trigger the "chargeback" procedure, or it's paypal equivalent in case any people here paid that way, it will be too late. There's just steep downhill for FXTec from then on. These chaps are not looking fondly at businesses who look like they're just cheating customers. I've had a couple of cases where something I bought off ebay or some stores in China didn't get delivered, and PayPal settled it with me very quickly with a full refund. What then happened between PayPal and the seller - I honestly couldn't care any less, but the same thing is likely to happen with FXTec should claims like this start to emerge. Not from my own experience, but I know that credit card chargeback is even less seller-friendly. Quote Link to post Share on other sites
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