On 1/28/14, 9:27 AM, Mr. Luddite wrote:
On 1/28/2014 8:46 AM, F.O.A.D. wrote:
...if you pay for something by credit card, it is deducted almost
instantaneously from your available credit limit, and if someone
deposits a check you wrote to them, it usually clears right at midnight,
but if you have a refund coming to you electronically, it takes days,
sometimes many days, for the funds to be available to you:

To wit:


Hello,

We're writing to let you know we processed your refund of $63.96 for
your Order XXXXXXX

This refund is for the following item(s):

Item Refund: $63.96

We'll apply your refund to the following payment method(s):

Visa Credit Card: $63.96

We've processed a refund for the above order in the amount of $63.96.
The refund should appear on your account in *2-3 days* if issued to a
credit card.

Refunds issued to a bank account typically take *7-10 days* to reflect
on the account balance.

Have questions about our refund policy?
Visit our Help section for more information:

http://www.amazon.com/refunds

We look forward to seeing you again soon.


Must be a lot of money to be made off the float, eh?



Yup. Negative float. We are just guppies of the "system".



I presume it is the banksters gaming the system thusly, since, if Amazon
says it has processed the refund, the funds are gone from its account
and are sitting in some bank's temporary slush fund for as long as the
bank can get away with it.

--
There’s no point crying over spilled 4-Methylcyclohexanemethanol.