In the event that a merchant requests a refund for services rendered, contests a fee, or issues a complaint in regards to the issuance of charges, Roark Holdings, LTD provides a limited refund policy. The purpose of this document is to outline the specific criteria by which merchants should be refunded, outline policies for customer service and operations team members, and define internal procedures for the issuance of reimbursements. Scope
The scope of this policy covers all current and future merchants that apply for and retain our services.
Requests for refunds must be made in writing, or by phone, and must be accompanied by a statement that outlines the nature of the refund request, along with any supporting documentation that provides proof of the validity of the request.
The limitation of this policy includes fees, such as deposits and other non-refundable or protected assets, that are not eligible for reimbursement and will be deducted from the total refund amount. Policies regarding deposits and protected assets will be communicated to merchants either verbally or through the terms and conditions of service contracts.
Roark Holdings, LTD retains funds to enable continuance through to the cancellation, voluntary ending, or disruption of merchant services as a result of merchant intervention, Roark Holdings, LTD policy change, or revisions in banking regulations disrupting the continued processing within the merchants’ respective industry. Approved refunds will be paid within 30 days of approval, and not from the date of request.
While any complaint should be taken seriously, specific criteria should be met in order to consider refunding a merchant for services rendered. The criteria listed below does not exclude use-cases which may require further consideration, and thus is a guideline for refund criteria and not an explicit list of all criteria Roark Holdings, LTD will consider during the refund process.
Monthly Fee Reimbursements
Refunds may be considered if a merchant requests account closure, and the account was not closed before the billing date
Refunds will be issued if alerts are billed to a merchant incorrectly due to an error in the alert system, causing an alert to be issued for a merchant that should not have received that alert
Refunds will be considered if a merchant requests account closure, and the account was not closed before the billing date
Merchant Processing Account Fees:
Good Faith Credits are issued in instances wherein a processing account has been approved and billed, then subsequently closed by processor due to risk or other potential issues. When the processing provider fails/refuses to issue a refund, we will entertain reimbursement in Good Faith.
If a merchant communicates displeasure or challenges the refund decision or process, they can submit an appeal via normal support channels. If the merchant communicates legal action, or engaging with consumer protection bureaus, all subsequent communications should be managed by the head of operations, or be escalated further depending on the size/value of the account. Enterprise-level merchant complaints, for example, should be managed by the Compliance Officer.
All refund claim requests should be processed within 30 days of the approval of that request. In the event that a merchant wishes to dispute the decision of a refund request, he or she should contact the branch of customer service overseeing merchant refund appeals by emailing Roark Holdings, LTD. This refund policy, and the availability of complaints and appeals processes, does not remove the right to take further action under consumer protection laws within the country of the merchants’ operating location; Roark Holdings, LTD’s dispute resolution processes also does not circumscribe the merchant's’ right to pursue other legal remedies.