Radio Shack Newport KY Refund Policy W/ Credit Card Unacceptable! Pay With Cash if Chance You Will Return It Newport, Kentucky

Do me / the world a favor?  Go return something at Wal-Mart (or Target or any store you can think of) and let them return it to your card and see how long it takes.

These are the kind of reports that ruin sites like this.  Your report is based purely on your own ignorance. 

    What you described is perfectly normal when using a major debit/credit card.

" So I purchased some wireless headphones on Sat. 2-23-13 at around 12:00 PM. I used a debit card, and they withdrew the money out of my account on 2-23-13 at 12:01 PM. "

   That is not correct.   What really happened is that when your card was authorized, the merchant placed a "hold" on your account for the amount of the transaction.  This should show up online as a "hold" or "pending" charge.   At that point, no funds have been withdrawn, but the bank is reserving the transaction amount until the actual debit posts to your account, which takes 3 to 5 days.

   You see, the store sends all of it's transactions at the end of the day in a batch to its card processor.  If it's a weekend, that may not take place until the following monday. That's day one.   The next day, the merchant's card processor sends the transaction to a clearinghouse which, in turn, passes it to your bank.  that's day two.   Lastly, your bank processes debit transactions overnight, so they actually appear as being posted the following day.   So, on average it's a 3 day process, but can be more if the transaction is done on a weekend.  

  Conversely, processing a credit from the merchant to your account is going to take the same amount of time. 

" What?? I have never, in my lifetime, 40 years, heard of having to wait 3-5 days for a refund when the product that I bought was physically returned to "in person".  "

  If that's the case, I doubt you've returned many purchases made with a debit or credit card.   They always take that long to post and have for decades.  It's how the debit/credit card systems operate.  Because of the process I described above, everything (except authorizations and holds) takes 3-5 days.