Asurion - Samsung Trade-up Service - Not Releasing My Holding Fee. What Action I Need to Take?

I traded my Samsung S20 mobile with my new Samsung S22 mobile on 22-Feb. Asurion has not yet released my $310 holding fee, and they responded that they would release the holding fee, and it would take 7 business days to reflect in my bank account. However, I haven't received my money back even after 10 business days. I have contacted them a few times, but no response. What can I do further? Can I complain to AFCA or ACCC? Please suggest.

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Comments

  • +3

    Should just be a mega thread pinned to the top for all the Samsung issues

  • -3

    get iphone

  • +2

    Another Asurion issue.

  • Honestly F Asurion

  • There is a reason why it's called As-surion

    It's an Ass.

    • EveryOne will know for sure it is ass now

  • What holding? The other thread was about claiming didnt received the phone

  • +2

    What holding fee? Isn't just a preauthorisation?

    • See the below email. Asurion itself mentioned it is a holding fee.

      From: Samsung-tradeup_inquiries <[email protected]>
      Sent: Friday, 25 March 2022 12:52 PM
      To: @live.com.au>
      Subject: RE: We have received your Samsung Trade-Up device - Trade ID SA561

      Hi ,

      The holding fee will be credited back in your bank account. Please check your bank statement for the transaction from Samsung Trade in. This may take up to 7 business days.

      Regards,
      Samsung trade-up team
      [email protected]

  • yeah it isnt a holding fee, it's a preauth.

    I also traded in an S21 for an s22

    • Refer to the email I posted above. Pre auth or Holding fee, Asurion can say whatever they want but my money is locked.

      • My emails:

        When my s22 was delivered:

        A hold has been placed against the funds on your nominated Payment Card to the value of your Original device Trade-Up value (as set out below). This amount will not be released until we complete a final assessment of your device.

        When my S21 got back to them:

        We’ve received your device back at our warehouse for Trade ID. It will now be assessed to check it’s condition.

        What happens next:

        1 - If your device meets the expected condition, then your Samsung Trade-Up is complete (you will not receive an email to confirm this)

        2 - If your device does not meet the expected condition, we will contact you for next steps

        If you have been charged a late return fee a refund will be organised for you.

        • Well, the same emails I also got it. The above email responded to my question regarding releasing my money.

    • Did they release your preauth money?

      • Well, funny story.

        They released the $510 pre-auth.

        But then they charged me a $570 device non-return fee ($510+ $60 admin fee) even though i returned it.

        Had to message them and they refunded that a week later.

        • Good. At least you received the money.

  • All good! Asurion released the pre-authorisation fee. There is no pending transaction in my credit card account. Problem solved.

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