A startup has received more than $4 million in applications, many from STA Travel customers, for chargeback applications in which a credit or debit card charge is reversed. More than 80 per cent of applications to Refund Club were for STA Travel, whose New Zealand companies have been placed into liquidation owing $11 million. With banks taking up to five weeks to process chargebacks, refunds had only just started to come in, said Refund Club spokesperson Andrew Curtis. READ MORE:* Refund Club gets $2 million worth of chargeback applications in two days* STA Travel liquidated owing $11m to Kiwi creditors* Customer owed $12k from STA: 'Beyond devastated'Hamish McNeilly/Stuff STA Travel. The biggest refund so far had been $6877, although Refund Club was waiting to hear back from a bank for a refund of $25,000.

Source: Stuff November 17, 2020 16:04 UTC