Binomo only refunds your money in case of technical difficulties or if the payment has been fraudulent. Withdrawal is also treated as a refund.
What Is Refund On Binomo?
Suppose you have a Binomo account and you invested your money to start trading. When you decide to withdraw your money, you have to go through a simple process of requesting a withdrawal.
Let’s say you’ve deposited a certain amount but due to technical difficulties, the amount wasn’t credited to your Binomo account. However, the amount has been detected from your bank account. In such cases, Binomo will refund that amount if their investigation reveals technical errors and if Binomo has access to those funds.
How To Refund Money From Binomo?
You can request a refund by clicking on the profile icon. Select Cashier from the drop-down.
Now select Withdraw funds.
Choose your payment option and the amount you’d like to withdraw.
What Is Chargeback?
A chargeback is a method of reversing an online payment for a refund. Your bank withdraws money from the merchant and puts it back into your account.
Does Binomo Steal Your Money?
No, Binomo doesn’t steal your money. It is a safe and legit platform that has been operating since 2014 and it currently runs in about 133 countries.
In addition, Binomo also is a category A member of the International Financial Commission (IFC). So, if you can establish that Binomo is a scam and not safe for consumers, the Financial Commission will compensate you up to 20,000 EUR.
I Didn’t Receive Withdrawal / Payout From Binomo
You can withdraw your profits from your Binomo account to your account easily by clicking on your account, followed by Cashier, and then finally, Withdraw funds. Please note that you can only withdraw funds to the account from which you deposited the money.
However, there are certain caps for withdrawing money from Binomo. If you’re in the US, it has to be above $10 or an amount equivalent to $10, otherwise, your request to withdraw will be canceled. Similarly, they also have limits for the maximum amount that can be withdrawn.
- Not more than $ 3,000 a day
- Not more than $ 10,000 a week
- Not more than $ 40,000 a month
If your request for withdrawal exceeds the amount, withdraw money in parts. Some amount of money now and the rest after a day, week, or month, depending on what limit you’re exceeding.
It can also be canceled because of improper documents, wrong bank details, or a bad network during your transaction request. If you still have any problems, you can contact Binomo’s support team via their chat widget or email.