MyChargeBack Review

MyChargeBack is a fund recovery service that provides a full range of services, including chargeback and wire transfer recall and intelligence reports. Their professionals consult with clients and determine the likelihood of a successful outcome for claims and provide guidance for those who have lost money to forex trading scams, crypto scams, and other frauds. 

MyChargeBack has a professional-looking website and offers a selection of services, but it is the right choice for people who are dealing with broker disputes and online scams? 

Fund Recall professionals have vast experience in analyzing financial services and have examined MyChargeBack thoroughly. The following is our analysis of MyChargeBack and suggestions for consumers looking for fund recovery services. 

Fund Recall experts have examined MyChargeback and have created a review of its services. Our team of professionals has extensive experience in the area of fund recovery and investigating scams as well as legitimate companies and services. We consult with clients who have lost their funds to frauds or as the result of broker disputes and use our expertise and skill to provide fund recovery services.

About MyChargeBack

June 17, 2021 | Fund Recovery | Recover funds from trading scamsMyChargeBack began as a fund recovery service for those who lost money in binary options scams, but now it focuses on forex trading scams, crypto scams, and many other varieties of fraud. According to the contact information on its website, MyChargeBack has an office in New York City, and support phone numbers in Australia, South Africa, Europe, and California. 

This fund recovery service has a long list of banks, credit unions, payment processors, and credit card companies it works with. MyChargeBack presents this list to demonstrate its track record of negotiating with financial institutions on behalf of clients who are seeking a chargeback or wire recall as the result of a scam or a dispute with a merchant or broker.

There is also a press area with links to articles that mention MyChargeBack services as well as a page on the website devoted to case studies providing details about their fund recovery process with examples of actual cases. The site provides many resources for the visitor including a blog, information about webinars, a list of regulators with in-depth descriptions and ratings for each.

Sign Up Today

Fill in your details and one of our representatives will contact you within 1 business day.

MyChargeBack Services

MyChargeback offers the following services: 

  • Consultation
  • Credit Card Chargeback
  • Bank Wire Recall Services
  • Intelligence Reports

Consultation

The first step for working with MyChargeBack is a consultation between the professionals and clients. They will discuss the case thoroughly with the client who describes the situation with the broker or merchant in detail. 

After this initial consultation, MyChargeBack professionals will estimate the chances of a successful outcome to the claim, including the odds of fund recovery and the amount the client may expect. If there is a certain level of success predicated in the claim, MyChargeBack will charge a fee based on the likelihood of fund recovery. In addition, they will also charge a 25% success fee if funds are reclaimed. 

When we researched the site, we couldn’t find an actual amount of the fee because there is no flat fee, but it depends on various factors. These fees are not unexpected, depending on the amount. The initial consultation should be free, but once the client accepts the use of MyChargeBack services, there is a fee. 

Once fund recovery begins in earnest, the consultations become more in-depth, since MyChargeBack experts will need a full account of what occurred. They will ask for many documents, including agreements and communications. Some clients said they provided up to 50 pages of documentation. 

This may seem like a laborious process, but consumers should keep in mind that the more information the fund recovery experts have, the more likely it is that the claims will be successful.

Credit Chargeback Services

MyChargeback undertakes credit chargebacks, which means refunding charges to client credit cards. They negotiate with issuing banks that issued the credit card on behalf of clients. The issuing banks decide disputes between customers and merchants, and MyChargeBack provides extra support for the customer and improves their chances of success.

Wire Recall Services

Many fund recovery services offer credit card chargebacks, but MyChargeBack also helps customers with bank wire recall services. Although all of these processes are complex, bank wire recall is more challenging, since banks are usually reluctant to undertake wire recall. 

Although banks can put a “fund freeze” on the transfer of funds to suspected parties, it is relatively difficult to get this done. MyChargeBack has the experience and connection with banks to get this done for many clients.

Intelligence Reports

In addition to directly pursuing fund recovery, MyChargeBack also creates intelligence reports that details the entire incident as well as an examination of the merchant or broker involved. These intelligence reports can be brought to regulators or authorities to help them pursue customer claims.

Other Facts About MyChargeBack

  • After an initial consultation, charges a fee for pursuing a case as well as a 25% success fee
  • According to information we found, between $1,000,000 and $2,000,000,000 in stolen funds have been recovered for hundreds of clients.
  • Provides credit card chargeback, wire transfer recall, cryptocurrency recall, and intelligence reports

Fund Recall’s Verdict on MyChargeBack

After examining MyChargeBack Fund Recall experts have concluded that MyChargeback seems like a legitimate fund recovery service but that customers should do their due diligence before signing up with them. The reason is that it can be difficult to determine the quality of a particular service as a third party, 

There are reviews online, but it is difficult to determine the authenticity of them. Many companies create positive reviews of their own service and competitors may write reviews claiming it is a scam. The best route is to examine the website, talk to customer support and use caution with any financial service or fund recovery service company. 

Another solid fund recovery service is Fund Recall which retrieves money for clients and creates intelligence reports that empower clients to approach authorities with their claims. Our team also gives clients resources such as in-depth reviews that help them make the right financial decisions. We assist fund recovery from bitcoin scams, forex trading scams, CFD scams, and broker fraud.

If You Have Lost Money to a Scam or a Broker Dispute, Contact Fund Recall

If you have a dispute with a merchant and are seeking a chargeback, don’t give up hope of getting your money back. Our experts are well-versed in the negotiation process and have the contacts and the arguments that will succeed in retrieving your funds.

Report A Scam Now

Get Help From Professionals!