Why does it take Best Buy 7-days to process a refund on a debit card? When I return an item at Target, Home Depot, or Walmart I get the money back in a matter of hours. And yet with Best Buy it takes days? 7 days is legally the longest a merchant can hold onto a refund, which is exactly how long it takes Best Buy to "process" a refund. Is this a sheer coincidence or does Best But simply hold onto the money as long as legally possible to gain the interest from there financial institution?
How do you get any of those places to do it in hours?
All of those listed batch process cards overnight, including bestbuy as far as I know. Then it's up to the cc card processor and then the bank. My credit union does it within a day or 2 if it's not on the weekend and my wells Fargo account usually takes the full 7 days.