How long can a company make you wait for a refund?

A Traders are indeed allowed to delay refunds for up to 30 days – but any longer than this would be deemed unreasonable under consumer law.

Why does it take 7/10 business days for a refund?

Originally Answered: Why does it take 7/10 business days for a refund? The process of getting a refund normally has to go through many channels before it’s finally approved. Once approved, it has to go through their finance office to get the check cut. Some places get the process done quickly.

Why does it take 3 5 business days for a refund?

Due to some reason, like delivery of good not being made or quality of services being poor, the customer requests a refund from the business. Given the number of parties involved and the variance in their processes to handle refunds, it takes 5-10 days for them to be credited back to the customer account.

Why are debit card refunds not instant?

You might be wondering why your purchase goes through immediately, but the refund takes longer? The reason behind this is that it takes some time for the purchase amount to reflect in the merchant’s account and it’s not an instantaneous process, as it is with myPOS.

Why have I not received my refund?

There could be several reasons why your refund has not been processed. Here are some possible reasons: If a payment was made by personal check, a refund will not be processed for 14 days from receipt of that payment. If you are signed up for eRefund, the account information provided may be incorrect.

What does refund still being processed mean?

According to the IRS FAQ on the Where’s My Refund main page – this notification indicates that your return is being manually reviewed for some reason. Your bars have disappeared, and perhaps your refund amount is gone, and the message states that “Your tax return is still being processed.

When will I receive my tax refund?

General refund processing times during filing season: Electronically filed returns: Up to 4 weeks Paper filed returns: Up to 8 weeks Returns sent by certified mail: Allow an additional 3 weeks

Why is my tax return still being processed?

The return itself is incomplete.