That was my mistake then. I thought it was federal law and not the way credit card companies imposed their own business practices and standards. No matter how you look at it, it protects me the consumer.
Pete
P.S. Did I mention that they can't bill me me until they ship?
--- In iPad@yahoogroups.com, Lloyd Parsons <lloydparsons@...> wrote:
>
> While that may be the business policy of Visa and MasterCard, it isn't enforced very well. But note that is business policy, not law.
>
> The law is :
> Contrary to what some sources indicate, the Fair Credit Billing Act does not address if it is legal for a company to charge you before shipping the product. Instead, it makes it illegal to not ship within advertised time period (or 30 days if no expected shipping date is mentioned in the agreement). If a merchant says "this item takes 90 days to ship", then they may bill right away and not have a legal problem if they ship before the 90 day window.
>
> Lloyd
>
> On Aug 28, 2013, at 9:25 AM, petefromflorida <petefromflorida@...> wrote:
>
> > I copied this exactly from the link that you provided.
> >
> > It is against VISA and MasterCard's regulations for a merchant to bill their cards prior to shipping.
> >
> > Pete
> >
> > --- In iPad@yahoogroups.com, Lloyd Parsons <lloydparsons@> wrote:
> > >
> > > No, in fact there is not a federal law that prevents that.
> > >
> > > http://wiki.answers.com/Q/Is_it_legal_to_charge_a_credit_card_before_shipping_the_product
> > >
> > > Lloyd
> > >
> > > On Aug 28, 2013, at 8:51 AM, petefromflorida <petefromflorida@> wrote:
> > >
> > > > There is a federal law that prevents that.
> > > > Pete
> > > >
> > > > --- In iPad@yahoogroups.com, Lloyd Parsons <lloydparsons@> wrote:
> > > > >
> > > > > what makes you think that? While many online sellers don't bill until they ship, many more bill when you order. There is no law preventing that.
> > > > >
> > > > > Lloyd
> > > > >
> > > > > On Aug 28, 2013, at 8:32 AM, petefromflorida <petefromflorida@> wrote:
> > > > >
> > > > > > They're also not allowed to bill her credit card until they actually ship the product.
> > > > > > Pete
> > > > > >
> > > > > > --- In iPad@yahoogroups.com, Carol Corley <floridabouvs@> wrote:
> > > > > > >
> > > > > > > Tina, since it was a pre-order, you should be watching for when the company will send it out. I presume you paid by credit card, so if you don't get anything, you can dispute the charge.
> > > > > > > Carol
> > > > > > >
> > > > > > > Sent from my iPad 3
> > > > > > >
> > > > > >
> > > > > >
> > > > >
> > > >
> > > >
> > >
> >
> >
>
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