CEDARHURST, New York, Feb.12, 2018 /PRNewswire/ -- MyChargeBack, the innovative online service that assists scam victims recover funds they assumed they lost for good, has announced that the total amount of claims it has already retrieved for its clients has now surpassed the $2 million mark.
These funds were primarily paid to phony binary options, forex and CFD trading websites, which claim to be "brokerages" but, in reality, are just boiler rooms operated by fraudsters who are scamming innocent consumers out of their money.
Using the chargeback dispute process, MyChargeBack provides an opportunity for victims of these "brokerages" to professionally dispute charges on their credit or debit card accounts. By leveraging rights guaranteed to consumers and clarifying to the banks the fraudulent nature of the transactions, they stand a much better chance of being reversed. Once the banks agree that a true violation occurred at the expense of client, the funds are returned to his or her account within a short period of time.
"Rapid processing and individual attention given to each case increase the fund recover success rate across the board," explains Alan Tepfer, Director of Client Strategies and Fund Recovery at MyChargeBack.
A team of MyChargeBack experts reviews each case before the chargeback request is filed and is involved in every step of the way throughout the entire process. The client is provided with both a personal report and review of the chargeback information. On average, the entire process takes between two-four months, but will vary depending on the bank.
"While a bank may first tell a client that a dispute may be filed only within the first 120 days following the transaction, we have succeeded in initiating a chargeback up to a year-and-a-half afterwards under certain circumstances," Tepfer notes. "Of course, given that every case is unique, our broad international experience with the banking industry and our familiarity with Visa, MasterCard, Discover, Diners, and American Express rules and regulations is the strategic advantage that allows us to build the strongest case possible for each and every one of our clients," he concludes. "In short, that is the secret of our success."
MyChargeBack.com is owned and operated by Cactil LLC, an American dispute resolution consultancy firm registered in Delaware and headquartered in New York, with a global focus and an international client base throughout North and South America, Europe, Africa, Asia, and Oceania. The MyChargeBack team is comprised of professionals with extensive financial, legal and regulatory backgrounds who assist victims of online fraud retrieve their money after having been scammed. MyChargeBack is able to accomplish that because it knows how chargebacks work and how to ensure that client's case will be presented effectively to the bank.