- Credit Card
- Real Estate
I cannot understand this: if I make an online purchase with a credit card, the purchase is done instantly, and I receive a SMS notification within 5 seconds. However, if money is returned to the credit card (e.g. cancelled ticket / deposit refund), it takes 2 to 4 weeks.
A refund is simply a transaction in the reverse direction. Given that everything is processed electronically nowadays, why does it take so long before the refund is shown on my account?