Payback - How Does It Work?
In order to better understand how Payback works, and the systems we have in place for the recovery of your funds, you’ll find below a series of frequently asked questions.
How long does an average case take to complete?
Although our experienced team will look to complete your case (recover a substantial part if not all of your lost funds) as soon as possible, each case is unique. On average this process takes from 3 months to a year.
What is the cost of pursuing a case via Payback?
The total cost of the services is comprised of two parts: First, we charge a fixed-fee of 10% (of the total amount lost) at the beginning of the engagement for services rendered in the relevant engagement with each customer (Minimum possible fee: $1,500). Second, a further 10% is charged as a commission when the recovery is successfully completed. No other hidden fees will be added at any time.
Why don't you charge me at the end of the process only?
Each case requires a significant amount of man-hours to investigate, process, and bring to successful completion. We charge a fixed-fee to cover the general legal services rendered and operational costs that we incur, hence the need to do so ahead of any action we undertake on your behalf.
Where is Payback based?
Payback is located in Ramat Gan, Israel.
How do I know that Payback isn’t a scam?
We believe that a question like that is best answered by the company’s clients. We invite you to check out the hundreds of great reviews by our clients to verify that we are a legitimate and reputable organization. We are also registered with the Israeli justice department, as well as this our staff will happily forward you the relevant credentials.
Why is Payback not regulated by the FCA (Financial Conduct Authority)?
We are an authorized and regulated Israeli company, based outside of the UK, hence we comply with the relevant legal exemption that applies to us. However, we do adhere to all relevant legal parameters as we go about securing the recovery of your lost assets.
Are you legal professionals?
The services are provided by and/or under the supervision of licensed attorneys. Mainly, we work with a team of legal professionals who provide recovery consulting services and practical assistance in the pursuit of recouping your stolen funds.
Will your actions lead to the taking of scammers to court?
No, our services do not include court representation. But, our methods of recovering your lost money involve Alternative Dispute Resolution outside of court in order to speed up things. So we deal with the banks and relevant agencies that made the relevant transaction. We found this is a far more effective means of securing the recovery of the funds.
Does it matter where I am based?
It doesn’t matter where you are based, our team can help you get your money back. So if you have the relevant documentation needed, we can help you regardless of your location.
If you still have questions regarding any of this, feel free to reach out to us and we’ll be happy to provide any information you require.
You can contact us via phone or email, simply visit our Contact Us page for the relevant details.
Disclaimer: Payback offers each new client a free consultation. Funds Recovery or other services that will be subsequently commissioned will incur fees and/or commissions, based on the service and the complexity of each individual case. Payback doesn’t offer any investments, financial services, or advice.
For your information: Although the process of recovering your losses from an online scam can be very tedious and long, sometimes longer than a year, it is a process you can undertake yourself, and it does not require any official representation. For more information on DIY Recovery, Read This Article.
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