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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#121 | |
"TRF" Member
Join Date: May 2019
Real Name: JD
Location: NJ
Watch: 116710LN with BCL
Posts: 429
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While I appreciate your thought process, there is a flaw in it. The ADs are basically free agents when things go sour. Consider the ubiquitous "wait list", are those who are on these (fantom) lists now known to Rolex? If (when) the ADs go belly up, do the waitlists transfer to some other location? This is obviously not going to happen.
Secondly, when an AD will only sell to customers who are known to them (having spent upwards of $150,000 on junk diamonds and other nick knacks and doo dads) and this complaint has been escalated to Rolex time and again, their response has been very short of customer centered. In fact, they have made it abundantly clear that they just don't care at all. Lastly: For everyone else, American Express will have your back in the situation where an AD blatantly steals your deposit (as long as you use an Amex card as payment). But, as some of you aptly know, the ADs don't take credit cards anymore. So, if you really are that foolish and you walk in with cash, you are on your own. Caveat Emptor. Quote:
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#122 |
"TRF" Member
Join Date: Sep 2019
Location: Westland, MI
Posts: 212
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#123 | |
"TRF" Member
Join Date: Sep 2019
Location: Westland, MI
Posts: 212
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Quote:
Visa has had my back on every occasion where I've been the victim of fraud, with virtually no effort at all on my part. Not sure where AMEX gets this holier-than-thou status from? But Visa and MC have always had my back in cases of fraud. |
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#124 | |
"TRF" Member
Join Date: Sep 2018
Real Name: Judson
Location: New Orleans, LA
Watch: Yachtmaster Blue
Posts: 53
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Quote:
__________________
Best Regards, Judson “It does not require many words to speak the truth.” -Chief Joseph Nez Perce |
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#125 | |
"TRF" Member
Join Date: Sep 2018
Real Name: Judson
Location: New Orleans, LA
Watch: Yachtmaster Blue
Posts: 53
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Quote:
As for this thread, I will leave you guys to figure out the rest..... and yes I’ll take fries with that!
__________________
Best Regards, Judson “It does not require many words to speak the truth.” -Chief Joseph Nez Perce |
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#126 |
"TRF" Member
Join Date: Feb 2012
Location: USA
Posts: 237
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What is the time limitation for CC protection? 30, 60 days?
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#127 |
"TRF" Member
Join Date: Jan 2019
Location: US
Watch: sub
Posts: 2,390
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I did a bit of research and there are some answers here: https://www.creditcards.com/credit-c...mpany-1267.php
"Of course, if the merchant’s gone bankrupt, there may not be any money in its account to deduct. In this case, Visa, MasterCard and American Express require that the acquirer cover the loss. It’s not merely a suggestion, says Teri Charest, a spokeswoman for U.S. Bank. “Banks are bound by [these] rules and parameters established by the card networks,” she says. As the blame — and the balance — bounce between merchant, acquirer and you, the customer, don’t be surprised if something falls through the cracks. Melanie Backs, spokeswoman for American Express, acknowledges that complicated situations like this don’t always fit easily into AmEx’s extensive charge-back policies. “We have both a merchant dispute policy and a purchase protection policy — but this situation is a bit of a gray area,” she says." So basically, Amex is not willing to go on record saying they will refund your money in the case of bankruptcy. |
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#128 | |
"TRF" Member
Join Date: Sep 2019
Location: Westland, MI
Posts: 212
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Quote:
A franchise IS McDonald's. From the decor, to the cash registers, to the menu, to the seating and tables, to the promos--everything MUST be McDonald's. You are essentially dealing with the corporation. An AD is not as tightly-connected to Rolex, similar to a car dealership-manufacturer relationship. When you have a problem with your car, all of your dealings are with the dealership, not, say, Ford (except for extreme cases). Same with Rolex ADs, save for those of us who choose to send our pieces directly to an RSC. Nonetheless, there is an obvious separation there. Yeah, Rolex requires the AD to dedicate a small area of the store for its products, complete with Rolex signage and lighting. But it ends there--no 2 ADs will look alike beyond that. So there is a BIG disconnection in that scenario. |
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#129 | |
"TRF" Member
Join Date: Sep 2019
Location: Westland, MI
Posts: 212
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Quote:
Again, if it were THAT cut-and-dry that CCs would simply cover you, no questions asked, we'd all know that to be common knowledge, deal EXCLUSIVELY with CCs for all transactions in life...and this thread would NOT even exist. |
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#130 |
"TRF" Member
Join Date: Apr 2020
Location: Los Angeles
Posts: 61
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#131 | |
"TRF" Member
Join Date: May 2018
Location: Uk
Posts: 72
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Quote:
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#132 |
"TRF" Member
Join Date: May 2018
Location: Uk
Posts: 72
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I thought that was common knowledge. I always pay for big purchases on credit card and so does everyone I know.
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#133 |
"TRF" Member
Join Date: Dec 2016
Real Name: Luis
Location: Texas
Watch: SS Submariner Date
Posts: 1,382
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i would never ever ever give money on a promised watch...never..
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#134 | |
"TRF" Member
Join Date: Sep 2019
Location: Westland, MI
Posts: 212
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Quote:
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#135 | |
"TRF" Member
Join Date: Jan 2013
Real Name: SMD
Location: LGA/EWR/ORD
Watch: AP/PP
Posts: 3,697
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Quote:
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#136 | |
"TRF" Member
Join Date: Oct 2016
Location: GB
Watch: 116520
Posts: 307
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Quote:
Which AD chain was this? Sent from my iPhone using Tapatalk |
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#137 | |
"TRF" Member
Join Date: Jan 2013
Real Name: SMD
Location: LGA/EWR/ORD
Watch: AP/PP
Posts: 3,697
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Quote:
If a franchisee violates labour laws you cannot go after McDonalds Corp. This is the entire point of the model. You get a bunch of independent business people to run the locations, put up the capital and take the risk. But the franchisees make a number of key decisions to ensure that McDonalds corp is not seen as pulling the strings on day to day decision making. Obviously everyone tries to sue the deep pocket corp but it is very, very rarely successful absent the franchisor holding out the franchisee as its agent, which I assure no successful franchisor does. |
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#138 | |
"TRF" Member
Join Date: Jan 2013
Real Name: SMD
Location: LGA/EWR/ORD
Watch: AP/PP
Posts: 3,697
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Quote:
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#139 |
"TRF" Member
Join Date: Jul 2010
Location: USA
Watch: Good ones
Posts: 8,354
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This.
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#140 | |
"TRF" Member
Join Date: Oct 2016
Location: GB
Watch: 116520
Posts: 307
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Quote:
You’re right to be skeptical. When paying by credit card and there is a third party processing the payment you may not have cast iron protection under section 75. There are a few grey areas. Sent from my iPhone using Tapatalk |
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#141 | |
"TRF" Member
Join Date: May 2019
Real Name: JD
Location: NJ
Watch: 116710LN with BCL
Posts: 429
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Amex will go way farther than any visa bank ever will for their customer. They will always side with the customer. Im happy to hear that you have had good experiences with Visa, thats wonderful. I cant say the same with 100% accuracy.
I had to airlifted out of the middle least when there were SCUD missiles zipping their way towards Israel courtesy of Mr. Saddam Housein. Good luck getting a flight to the US at the outbreak of the first gulf war. ONE CALL to American Express and I was on a flight 4 hours later. I can go on if you want.. there are more instances where they have jumped in to save my um, tush.. but from the moment mentioned above, I have had at least one AMEX card and I will always be loyal to them. My kids have them too. There used to be an ad from Rolex that the Rolex watch would always be your ticket home, I have news for you.. that Amex Platinum (even the gold) card will do a better job.. Quote:
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#142 |
"TRF" Member
Join Date: May 2019
Real Name: JD
Location: NJ
Watch: 116710LN with BCL
Posts: 429
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Your AD has outstanding contracts with Rolex and countless other manufacturers. I'd bet that 50-80% of the items in that store are not actually owned by the store. If/When the store files for bankruptcy, where you do imagine you might fall in the line of people who need to get paid back? The bankruptcy lawyers will get paid first. Outstanding taxes are levied next (thats America for you). Even if you come next (you don't), a big percentage of the money is gone already!
If you think you are getting paid back in full, you are incorrect. But, you can research this for yourself. There are lots of great search engines available to you. So, please dont take my word for it. Please, search and make your own determination. |
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#143 | |
"TRF" Member
Join Date: Apr 2020
Location: Los Angeles
Posts: 61
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