 Understanding credit card problems
Sometimes when making a credit card purchase problems can arise. To help understand the potential issues, here is some important information.
When a request is made to purchase a product, the company (MTPredictor) uses a credit card processing firm ( Protx or WorldPay ) to actually process the credit card information. Protx or WorldPay will then send the transaction to the bank that issued your credit card (Issuing Bank), requesting the funds for the transaction. However, it is at this point that most issues can arise - if this payment is outside the normal shopping habits of the customer (you) the issuing bank will usually block the transaction.
The reason is that fraud has become increasingly common and one way that banks try to stop fraudulent transactions is to monitor your regular shopping habits. Then if a transaction falls outside your normal pattern the issuing bank assumes that your credit card has been stolen and puts a stop on the transaction. This is done by the issuing bank to protect you.
However, it can cause problems - if you normally shop for small items in your local area, then suddenly buy our software (approximately US $2,000 value) this can be flagged up by the issuing bank as suspect (although it is not). You may have plenty of credit on your card - this does not matter - as they only look at the "pattern" of your usual shopping habits for this check.
Okay, how to resolve this issue...
As you can see, this is neither your fault nor ours (MTPredictor's). Nor is WorldPay or Protx to blame. This is simply the issuing bank protecting you (the customer) from unusual use on your credit card.
So, you will need to contact the Bank that has issued your credit card (their credit card department) and explain to them that this is a legitimate purchase. Then you must ask them to allow this transaction though. Until they have confirmation from you (the customer) that this purchase is legitimate they will not allow the transaction.
We will then be able to complete the purchase for you...
All this may seem a lot of hassle, but it is protection enforced by the banks issuing credit cards for your protection against fraud. As fraud spreads, it may become more difficult to use cards as more restrictions and checks are imposed by the banks.
Thanks
If you experience problems, please email Support@MTPredictor.com
Risk Disclaimer and Disclosure Statement
Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. By purchasing the MTPredictor program, you acknowledge and accept that all trading decisions are your own sole responsibility, and MTPredictor Ltd, MTPredictor.com or anybody associated with MTPredictor Ltd including S. E. Griffiths and A. P. Beckwith cannot be held responsible for any losses that are incurred as a result
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN
MTPredictor, Isolation Approach and Techniques Curve are trademarks of MTPredictor Ltd. All other brands, service marks and trade marks may be the property of their respective owners
|
