This analysis describes what Ledger's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
How other platforms handle this
In the event an Item does not pass the Item Verification, Whatnot shall notify the Buyer and the Seller of Whatnot's conclusion, which results in an automatic cancellation of the Transaction and a refund to the Buyer's Payment Method.
We will issue a refund within three Business Days of receiving your request, provided that the funds have not been picked up by the designated recipient prior to our receipt of your request for a refund.
If you downgrade a membership, you will not receive a refund or credit for the fees already paid; instead your membership will continue to the end of your current billing period but will not renew.
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"We may defer the refund until we have received the item or until you have provided proof of shipment of the item, whichever occurs first.— Excerpt from Ledger's Ledger Terms of Sale
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The clause states: “We may defer the refund until we have received the item or until you have provided proof of shipment of the item, whichever occurs first.”
ConductAtlas has identified this type of provision across 177 platforms. See the full comparison.
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