Chargebacks and Refunds
There are a lot of reasons for chargebacks and we can help with getting that from the credit card company. Chargebacks represent a form of customer protection, allowing credit card holders to dispute a transaction and to reclaim their money, provided their Chargeback claim is approved and accepted by the client’s credit card company. An online trading Chargeback will essentially void the transaction through which the trader made his/her deposit with the broker, forcibly removing the funds from the broker’s account and returning it to the balance of the credit card holder. Online trading platforms are known to make their investors fill out consent forms which make it impossible for the Chargeback claim to be approved in favor of the investor. Chargeback is one of the tactics we use in recovering funds within the 120 days window from the date of deposit to the broker.
Once your bank’s dispute department is in agreement that your payment is eligible to be disputed, it will log your request with the credit card company, which then alerts the acquiring bank. The acquiring bank, in turn, alerts the payment service provider (PSP). The PSP informs the merchant, which in this case is the binary options firm. The merchant then has 45 calendar days to respond. If no response is provided, your permanent refund will automatically be made on the 46th day.
If a response is filed, it will be forwarded back to you in a reverse process. Visa or Mastercard will then ask you for your response, and the process is repeated. If Visa does not accept either version of the disputed transaction, it will be sent for arbitration. Mastercard does not have a second round and the dispute automatically goes to arbitration if it does not accept one of the two versions.
What is the process of rcovery?
Upon contacting Westextrail, a customer care representative will get back to you on more information required to start the process. The first step will be to send a mail stating your situation. More information on the process will be conveyed during the investigation depending on how you lost money.
How long does it take to recover your money?
Depending on the Binary Options, Forex or Crypto platform involved in the alleged scheme; the payment method, amount deposited, and other factors, the recovery process sometimes vary. We have recovered millions of dollars within 90 days of initial consultation. We will help make sure all pertinent information is in order, helping you step by step along the way with your consent.
I have been scammed by binary option brokers, what do I do?
First of all relax, it’s very important so you don’t make more mistakes, I know that you might feel angry or stupid maybe even naive, take a moment and listen to what I’m telling you – this is not in any way your fault.
In some cases, we can get your money back, though it is not always possible.
We can help you try and get your money back, using our extensive experience and knowledge and expertise. we know all their tricks and how they can get money from you, which comes in handy when we fight for you.
How to identify binary scam
Binary option scams and fake binary option brokers have deals that are too good to be true. Their headlines are always catchy, luring a lot of people into sending lots of money without any plans of making money for you. Also, the trader is always pushy to make a deposit so business can start, but they just keep asking for more and more showing you what you want to see, their mostly used tactic is greed.
Also, once you have made a deposit without confirming the authenticity of the broker, you can ask for a withdrawal and see how that goes, which is the final red flag of knowing if you have been scammed.
How to identify a scam in cryptocurrency investment
There are many dubious businesses out there that have slapped together a blockchain asset for the novelty, not because it will actually serve a purpose or be a healthy investment. Here are some tips for spotting ICOs with bad intentions.
A technical white paper is a project’s opportunity to be transparent, insightful, and explain the importance of their contribution to blockchain without trying to confuse you. If an ICO or forked asset doesn’t have a white paper, or their white paper is full of jargon and has more graphic design than actual words, beware.
Other fake investment would leech of the name of another real investment or famous asset to lure people into their web of lies.
Always know that impossible returns over your investment are really IMPOSSIBLE. Mouth watering deals are 99.9% of the time a scam on any type of investment. There are also fake applications that clone the real ones be sure to download all your support apps from the verified vendor.