Are Deposit Able To Be Refunded When The Shop Closed?

[raincole 0]

Just thinking, if a shop closed, will our deposit with the shop be able to be refunded?

Just a few months ago, there is such case with the IMM Bridal studio. What is the outcome?

[MaCe 3]

gone with the wind.

[gumbokins 5]

if you can find them, and they still have money, and you remain persistent...sure.

but if the shop closed, it's usually because of no money, so surely no refund.

[karen77sg 0]

Can oni count ourselves suay ba....there is normally no refund when such cases happen...

[raincole 0]

then this "deposit" practise is very bad for customer and very good for business.

[zirhk3355 1]

then this "deposit" practise is very bad for customer and very good for business.

Definitely, its always a risk that we are taking.

But if looking at it from a bigger picture, its only fair because the ID/contractors need a certain amount of commitment from our side to start work mah. Putting yourself in their shoes, imagine you start work and order materials already, then the client backs out, what recourse would you have? The answer is the deposit lor.

Just like in every deal, its always 'caveat emptor', let the buyer beware. Because we as client gives our commitment, its our responsibility to do our homework on the seller or service provider.

[karen77sg 0]

I tink consumers will seldom do a check on the service provider / seller if the amount they purchase

is not v big or sometimes we may be drawn to the good customer service they provides and we forgets everything.

To me, it is a risk tat we hv to take lor...either heng or suay! Even we do a check on them, there may not be any problem at tat moment, who noes along the way?

[zirhk3355 1]

I tink consumers will seldom do a check on the service provider / seller if the amount they purchase

is not v big or sometimes we may be drawn to the good customer service they provides and we forgets everything.

To me, it is a risk tat we hv to take lor...either heng or suay! Even we do a check on them, there may not be any problem at tat moment, who noes along the way?

I put it this way: No one would go bankrupt overnight. There are always tell-tales signs, but whether you can spot it depends on how in-depth you had done your homework.

But then again, I agree with you, sometimes we do not check on the seller / service-provider, because we are not the banks/police and thus do not have access to some checks. Or the cost (and/or time-taken) of such is simply not worth it. Then what to do?

The answer is to take calculated risks, not blind risks. Do all the possible checks within your reasonable means, then leave the rest to the guy "up there", whichever religion you are...hehe.

Simply put, at the end of the day you do not want to kana some problems and go, "aiya, why didn't I check first...??"

Edited January 28, 2008 by zirhk3355