Google Pay is one of the most trusted and widely used digital payment services. This mobile wallet is linked to customers’ credit cards, disguises their personal data and is highly secure.
So is Google Pay hack-proof? It certainly has a high level of security. However, hacking isn’t the only type of fraud. People who are victims of phishing, fake brokers and merchant frauds lose money through authorized transactions.
In fact, many cyber criminals today are working less hard to hack unwitting customers but instead are developing social engineering tactics and fake personas to encourage people to send them money willingly. They regret it later when they realize they have given money to a scam, and it can be a challenge to get their money back.
If you have deposited money to a broker and find that they won’t give you a withdrawal, you are likely dealing with a fraud. However, since the transaction was authorized, it can be a greater challenge to try to get a Google Pay chargeback than a credit card chargeback of unauthorized charges made when your card or data were stolen.
The process for getting a GooglePay chargeback is similar to a credit card chargeback or a Paypal chargeback. The customer files a claim with Google Pay and describes the situation and provides information.
This part is key because the more documentation you can provide and a more compelling case you can make that the other party is fraudulent, the more likely your Google Pay chargeback will be successful.
Google Pay will contact the other party with the complaint and ask them to present their side. Google Pay will decide whether to refund the money to the customer or whether the merchant is correct and if they can keep the money.
Rates of Google Pay chargebacks are lower than credit card chargebacks. One of the chief reasons for this is Google Pay’s superior security measures.
Since there are fewer unauthorized charges because of anti-hacking measures, most of customer claims are to get money back from a merchant or a broker if they are dissatisfied. It can be harder to prove that the other party fraud if the customer willingly handed over their money.
Keeping this in mind, the most important thing to keep in mind when trying to get a Google Pay chargeback is to include as much relevant documentation you can when making your claim.
Get professionals on your side to bolster your claim. JFD FORENSICS LLC. experts will help you create a compelling claim that will prove that the other party was fraudulent. We will do a full investigation and give you the data you need for a successful Google Pay chargeback.