TheMMIz
09-08-2002, 12:25 AM
Hello,
Im wondering what happens in the following scenario..
HostABC uses 2Checkout / HostCharge / ProPay / 3 party processor X to process their online transactions.
CustomerXYZ issues a chargeback against HostABC and wins.
Question: Does this get reported on HostABC's personal credit report?
I am more familiar with traditional merchant accounts, and am not sure what happens in this "middle-man scenario. Many someone can shed some light on the situation. Thanks.
floppy
09-08-2002, 12:49 PM
Yes, it will get reported on HostABC's report.
TrevorM
09-09-2002, 04:17 PM
Originally posted by TheMMIz
CustomerXYZ issues a chargeback against HostABC and wins.
Question: Does this get reported on HostABC's personal credit report?
Yes, but it usually wont leave a mark unless its excessive.
TheMMIz
09-09-2002, 04:54 PM
TrevorM,
Knowing of the whole EARHost debacle, is there any way this can get reported on Tim/Jim's credit history? As someone still waiting for a refund, I would have to see this happen again.
-Matt
okihost
09-09-2002, 05:15 PM
I dont think either of them are 18 yet.. So in that case you would not be able to effect there credit.. Also 2checkout has nothing to do with your credit nor can they put a bad credit mark on your history.. as for "real" merchant account I am not sure but I doubt it..
TheMMIz
09-09-2002, 05:17 PM
OKIHost,
No, but someone had to sign the contract. Someone had to have a bank account to transfer the funds to. That person is over 18 and assumes ultimate responsibility, or at least they should. Im just wondering if these companies like HostCharge, 2Checkout take the time to report such things. I would assume they dont, it wouldnt be worth their time, but Im not sure, so I ask.
-Matt
TrevorM
09-09-2002, 05:45 PM
Originally posted by TheMMIz
TrevorM,
Knowing of the whole EARHost debacle, is there any way this can get reported on Tim/Jim's credit history? As someone still waiting for a refund, I would have to see this happen again.
-Matt
did you order through 2checkout or CCPay?
TheMMIz
09-09-2002, 05:47 PM
I ordered through PayPal with instant funds transfer via my checking account, I have no recourse sadly. I am currently working with the BBB and other agencies, but my money seems to be gone. Good lesson learned.
