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We've all experienced this. You scan something you buy it. I'm gonna pay for it right there, slip the credit card right in and boom, the charge goes through, grab my receipt and by the way, this happens online every day too. *** regular transaction. You bought it. Great. Ok, I'm standing outside the store. I purchased this less than one minute ago. It's probably like 45 seconds ago and take *** look already there. It is Target $17.12. It is already been posted to my credit card. Now I'm going to go back inside and return it, gonna return this. Just bought it and marrow it. Nothing wrong with it back on the credit card. Thank you so much. Great. Ok, it's been three or four minutes since I returned the item. I'm standing outside the store. Let's come back in here and take *** look and look at that. The charge is still there. Ok? It says pending uh but I don't see *** negative there. I don't see *** hey, you returned it. We're taking it right off. Let me tell you something they don't right. I know it takes forever. See this is what I'm talking about. It takes for they'll charge my card immediately, but when you return it, they don't wanna give you your money back immediately. Why is that? Why does the charge go on so fast? But then I gotta wait for my return. Me and that lady wanna know Rosson reports reached out to the Consumer Financial Protection Bureau for the answer. Here's what happens the moment you swipe your card, The first thing you will notice as *** consumer is that there would be *** pending transaction in your account. At that point, no funds have been exchanged and it'll take 2 to 3 business days for the transaction to settle. So when I, even though I'm seeing it there and it says, you know, $35 or whatever I bought, it hasn't, it's just pending. It hasn't actually been charged to me yet. That's correct. Now, here's what happens behind the scenes. When you, your return, the store has to accept your return first, then process it internally, then get the money back to your credit card company. Under federal law. The store has seven days to do that. Then the card company has another three days to actually post the refund to your account. But why does it take 7 to 10 days to get my money back? Right. It's not like *** guy named Bill is sitting back there through stuff manually. I mean, it's 2024 here. Why do I have to wait so long when you've decided to make *** transaction on *** credit card, you are in effect obtaining *** loan from the credit card company. That means that they are paying the merchant with their own funds as opposed to your money. Got it. So you're saying it's not my money anyway, until I pay my bill. They're the ones waiting for the money back. That's correct. By the way, if you want to dispute *** transaction, the Consumer Financial Protection Bureau says you have 60 days to do that. But ultimately, this is why it's helpful to make most of your everyday purchases with *** credit card. Much more protection, easier to trace. You have more recourse for more information. Be sure to sign up for our Ross Reports newsletter. It's awesome and we have bonus tips there and some deals we just found to save you money. Lots of stuff sent right to your email. Just sign up at Rossom reports.com for the newsletter back to you.