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At Buy Exchange we strive to provide our customers with the best possible service and experience when it comes to foreign exchange transactions. We understand that there may be situations where you need to cancel or modify your transaction, and we have created this refund policy to outline our process and guidelines for refunds. Cancellation and Modification Policy Once you have completed a transaction, you may not be able to cancel or modify it, as foreign exchange transactions are time-sensitive and volatile. However, if you contact our customer service team within 30 minutes of placing the order, we will try our best to accommodate your request.
In general, we do not offer refunds for successfully completed transactions by our AD bank, unless the transaction was not executed as per the compliance instructions, or if there was an error on our part. If you have any questions or concerns about a completed transaction, please contact our customer service team at support@buyexchange.in. Refunds will generally be issued in the same currency and to the same account used for the original transaction. We may issue refunds in a different account in certain circumstances, such as if the original account is closed. All refunds are made to the original method of payment unless agreed explicitly by the end customer to credit to an alternate mode.
If you are eligible for a refund, we will process it as quickly as possible. Refunds will typically be processed based on the customer request within 2-7 business days, depending on the payment method and the time it takes for the funds to clear. If the AD bank rejects your service request due to compliance, the refund will be automatically initiated from our end within 48 working hours of the rejection. And if you do not furnish the required documents needed to process the transaction, the placed order will be canceled automatically after 48 business hours and a refund will be initiated from our end to the account used for the original transaction.
Please note that transaction fees are non-refundable, as they cover the costs of executing the transaction and are separate from the exchange rate.
Exchange rates can fluctuate rapidly, which means that the exchange rate you received when you made a transaction may not be the same when you request a refund. We cannot be held responsible for any losses incurred due to changes in exchange rates.
We understand that wire transfers rejected by foreign banks can be frustrating, and we want to ensure that our customers are treated fairly in the event of such an occurrence. Here are our guidelines for refunds related to wire transfer rejections:
All the rejected Wire Transfer by foreign bank is eligible for a refund. Please note that we will not be responsible for any other losses or damages resulting from wire transfer rejections by foreign banks beyond our control, such as currency amount, currency exchange rate fluctuations or bank fees.
You can initiate the refund request if the rejected wire transfer is received back with our AD bank. To request a refund due to wire transfer rejection, please contact our customer service department at support@buyexchange.in. We may require additional information or documentation to process the refund. We will generally process refunds within 2-4 business days of receiving your request.
Refunds will be issued in the same form of payment used for the original transaction. If the original transaction was made with a bank transfer, we will issue the refund to the same account used for the original transaction.
We reserve the right to modify this refund policy at any time. Any changes will be effective immediately upon posting on our website or notifying you via email or other means. If you have any questions or concerns about our refund policy related to wire transfer rejections, please contact our customer service department at support@buyexchange.in
For Tech Support: admin@buyexchange.in
Call Us: +91 9022 243 243
+919072243243
sales@buyexchange.in
+919072243243
forex@buyexchange.in