If You e-Pay The Wrong Person, Can You Get Your Money Back?
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- เผยแพร่เมื่อ 10 ธ.ค. 2019
- Today, 7 in 10 Singaporeans use a mobile wallet, such as GrabPay, PayLah!, UOB Mighty, WePay, Alipay and Apple Pay. But in terms of consumer protection, e-wallets may be one of the worst.
For DBS PayLah!, if one transfers money wrongly, the payer is advised to contact the recipient directly. If the recipient refuses to return the money, one can make a police report or sue the other party as the money still legally belongs to the payer.
When there’s a dispute between retailers and consumers, credit card or PayPal users can either ask the bank for a chargeback or dispute the transaction. But for e-wallets, customers are at the mercy of the merchant.
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Delightful advice and helpful
video !
Dear CNA !
I'm immensely grateful !
That's what I am afraid of everytime I do a transfer on internet banking. It should have displayed the company name or account holder name which should not be difficult to retrieve from database. Same with mobile transfer. Come on, this is common sense to implement this to prevent many unnecessary wrong transfers.
'even for $50' cant even handle $5 😫😫😫
when your so damn early that there no comments to look at
imagine suing something to return you that $70 that you transferred to him wrongly. Still...that is Singapore law, in Singapore, everyone is deemed to know the Singapore law from the day they are born, so it is not surprised the deem that you are responsible whether you read the msg or not. The word "deem" is the key in the Singapore legal system.
I guess Paypal is still the safest transaction method, I rather use Paypal than credit card if Paypal option is available, as I can easily dispute when the purchase went wrong. For credit card, if the stuff is not as described or damaged and the seller doesn't bother and their party selling platform doesn't care then that is it, your money will fly.
Sorry to go off topic but it is quite glaring yet noteworthy that 3 out of the 4 industry ‘experts’ interviewed are foreigners. DBS, PayPal and EY are established organisations. Do we not have a Singaporean who could do the same, or even a better job than these foreign talents? We are in Singapore for goodness sake.
Have you been to expo? All indian expats
Look like some is mad lmao
Are you gonna cry? Man singaporeans are literally brain dead
Well yeah pretty much. Most entitled Singaporeans lack the ability to be in such management positions so companies have no choice but to look elsewhere
PayPal is the worse actually. So many high fees and poor rate. Better use TransferWise.
For seller, it might be. but for buyers its the best out there.
lol. I dont see why you can mess that up. It’s money, don’t be careless with it and not double check the transaction before you do it.
dinorino exactly