It's not uncommon for users to overlook billing details until an unexpected charge catches them off guard, such as an automatic subscription renewal. Our comprehensive refund guide for Luno is designed to clarify how their refund process works, who qualifies for refunds, and the straightforward steps you can take to request your money back swiftly. With this guide, you'll find the information you need to navigate the refund process with confidence and ease.
What You Should Prepare Before Applying For Refund
Luno account details: Make sure to have your Luno account email and login information ready for identification.
Transaction ID: Locate the specific transaction ID for the transaction you wish to refund, which can be found in your transaction history.
Proof of payment: Gather any receipts or email confirmations that were sent at the time of the transaction to substantiate your claim.
Reason for refund: Clearly articulate the reason for your refund request, whether it’s due to a mistaken transaction, dissatisfaction with services, or unauthorized charges.
Recent communication: If you have communicated previously with Luno support regarding this issue, have any relevant email correspondence ready for reference.
Account verification: Be prepared to verify your identity, which may include providing additional information linked to your account.
Timeframe of transaction: Note the date of the disputed transaction, as there may be policy guidelines regarding the timeframe for refund requests.
How Long Does it Take to Get a Refund?
Payment method
How long it takes*
Bank Transfer
1-3 working days
Credit/Debit Card
3-5 working days
Bitcoin
Same day
Ethereum
Same day
*Working days are Monday to Friday, and don't include public holidays.
What are my Rights? Am I eligible for a Refund from Luno
At Luno, users have access to various digital financial services, including cryptocurrency trading and wallet management. Understanding your eligibility for a refund is essential, especially as it pertains to your account activity and the specific services utilized. Here are some scenarios where you may qualify for a refund:
Account Subscription Adjustments: If you upgrade or downgrade your subscription plan during a billing cycle, you might be eligible for a refund for the unused portion of the higher-tier service.
Inactive Account Fees: In cases where you have not accessed your account for an extended period, you may qualify for a refund of any inactivity fees that apply.
Transaction Errors: If an error occurs during a transaction that you initiated (such as purchasing cryptocurrencies), you may be eligible for a refund or correction to reflect the correct amount processed.
Service Interruptions: If you experience a significant service interruption that impacts your ability to use the platform, this scenario may qualify for a potential refund for affected subscription services.
We encourage users to review their account status and specific activity when assessing eligibility for a refund, as each situation is unique. For any specific inquiries regarding your account and refund possibilities, consult the support resources provided by Luno.
Step-by-Step Process to Request Your Luno Refund Like a Pro
Navigate to the 'Account' section located in the top-right corner.
Click on 'Billing' or 'Payments'.
Locate the subscription or service you wish to get a refund for.
Click on 'Request Refund' next to the respective subscription.
In the message field, mention that the subscription renewed without notice and highlight any lack of usage.
Submit your request and await confirmation of your refund.
If you purchased through Apple:
Open the Settings app on your iPhone or iPad.
Tap your Apple ID at the top of the screen.
Select 'Subscriptions'.
Find the Luno subscription you want to request a refund for.
Tap on 'Cancel Subscription' if needed, then navigate back to the App Store.
Scroll to the bottom and tap on your Apple ID. Choose 'View Apple ID'.
Tap on 'Purchase History' and locate the Luno charge.
Click on 'Report a Problem' next to the charge.
In the reason dropdown, select 'Request a refund'. Emphasize that the account was unused and provide any other relevant details.
Submit your request and wait for Apple's response.
If you purchased through Google Play:
Open the Google Play Store on your device.
Tap the menu icon (three horizontal lines) in the top-left corner.
Select 'Subscriptions' and find your Luno subscription.
Tap on the subscription and choose 'Cancel'.
Visit the Google Play Help Center online.
Click on 'Request a refund' in the menu.
Follow the prompts, and mention that the subscription renewed unexpectedly.
Provide your purchase details and submit your request.
If you purchased through Roku:
Go to your Roku device and access the 'Home' screen.
Navigate to 'Streaming Channels', then find and select 'Manage Subscriptions'.
Locate your Luno subscription.
After selecting it, click 'Cancel Subscription'.
Next, visit the Roku Customer Support page on your browser.
Locate the 'Contact Us' section to start a refund request.
Use the messaging option to state that you didn’t mean to renew and indicate the account was inactive.
Submit your query and await their guidance on the refund process.
Disclaimer
Chargeback is an independent consumer resource that provides educational information to help users understand how to cancel, manage, or request refunds for various subscriptions. We are not affiliated with, endorsed by, or sponsored by any of the companies mentioned on this site. All trademarks, logos, and brand names are the property of their respective owners.
The information we provide is based on publicly available sources and user reports and may contain inaccuracies or become outdated over time. Our guides are intended for general informational purposes only and should not be relied upon as official company instructions or legal advice.
Consumers are solely responsible for reviewing their own contracts, terms of service, and refund or cancellation obligations before taking any action. Nothing on this site should be interpreted as legal, financial, or contractual guidance.
Chargeback does not encourage or condone disputing valid charges, misrepresenting transactions, or taking any action that could violate a company's terms, service agreement, or applicable laws. We promote fair, transparent, and lawful communication between consumers and businesses.
I am writing to address an issue regarding a billing situation: [describe reason].
I would like to request a refund in the amount of [Amount].
If applicable, I have attached documentation that supports my request.
Could you please confirm receipt of this email and provide an update within 3-5 business days?
Thank you for your attention to this matter.
Sincerely, [Your Name] [Your Phone Number]
Common refund statuses
Status
Meaning
What It Means for You
Pending
Your refund request has been received but is not yet processed.
This status indicates your request is in queue and may take up to 3 business days to be reviewed.
Processing
Your refund is currently being processed.
This status may last for 1 to 5 business days as we verify transaction details before issuing your refund.
Refunded
The refund has been successfully issued.
The funds will appear in your account within 5 to 10 business days, depending on your bank's processing time.
Partially Refunded
A portion of your order has been refunded.
You will receive a specific amount back, and the remainder will remain in your account as a charge.
Completed
The refund process has been finalized.
This means the transaction is closed, and all funds related to this refund have been processed.
Canceled
Your refund request has been canceled.
You will need to initiate a new refund request if you still require a refund.
Real User Scenarios: When and How Refunds Were Successfully Claimed
At Luno, users often navigate various scenarios that may lead to a refund request or billing inquiry. Here are some realistic situations where users successfully claimed refunds:
Accidental Subscription Upgrade: A user intended to remain on the basic plan but accidentally upgraded to a premium subscription while exploring new features. Upon realizing the mistake within a few hours, they contacted Luno’s support, explaining the situation and successfully received a refund for the extra charge.
Service Interruption: A customer experienced an unexpected service outage while trying to execute a significant transaction. After noticing that the service restored shortly after, they reached out to customer support to clarify the situation, leading to a goodwill refund for the transaction fees that were incurred during the downtime.
Change in Payment Plans: A user decided to switch from a monthly payment plan to an annual one to save costs. However, during the transition process, they were billed for both the annual fee and the month’s subscription. After contacting customer support with the explanation, they received a prompt refund for the overlapping charge.
Promotional Code Issues: A customer attempted to redeem a promotional code that did not apply as expected during a transaction, leading to a misunderstanding about the total amount charged. Upon providing details of the promo code and the transaction, Luno issued a refund for the difference, ensuring the user received the promotional benefit promised.
The Easiest Way to Get a Luno Refund
If you're frustrated trying to get a refund from Luno—or if you didn't even realize you were being charged—Chargeback can help. Chargeback is a personal subscription manager that automatically detects hidden, recurring charges like Netflix, Hulu, and hundreds of others. With one click, we can cancel unwanted subscriptions, flag suspicious billing, and even initiate refund requests on your behalf. No more waiting on hold or navigating confusing help pages. Just connect your bank or card account, and we'll take care of the rest.
How to Track Your Refund Status Efficiently
If you've recently initiated a refund with Luno, tracking its status efficiently is essential to stay informed about your transaction. Here’s how you can monitor your refund progress with ease:
Check Your Email: Luno sends out confirmation emails when a refund is initiated and updates on its status. Keep an eye on your inbox (and spam folder) for emails containing any updates regarding your refund.
Use the Luno App: Open the Luno mobile app and navigate to the 'Account' section. You can check notifications that will provide updates on your refund status directly within the app.
Visit Your Account Dashboard: Log into your Luno account on the website and head to the 'Order History' section. Here, you'll find detailed records of your transactions, including the status of your refunds.
Billing Section Insights: In your account settings, you can access the 'Billing' section to view your payment history, where the status and details of any ongoing refunds are outlined.
Refund Progress Indicators: Luno provides a clear indication of where your refund is in the process, such as 'Processing', 'Completed', or 'Failed', so you know exactly what to expect next.
Contact Customer Support: If you need further assistance, reaching out to Luno’s customer support can provide you with personalized updates. Use the help section in the app for quicker resolution.
FAQ
If you forgot to cancel your subscription on time, refunds are typically not provided as per Luno's policy. We encourage you to review the terms and conditions for more details on our refund process. If you have further questions, please reach out to our support team for assistance.
Refunds from Luno typically take between 3 to 7 business days to process, depending on your payment method and your bank's processing times. Once initiated, you should receive a confirmation email outlining the details of the refund.
If you see a charge but don't have an active subscription, first check your account to ensure there are no pending transactions or overlooked memberships. If everything looks correct and the charge is still unclear, please contact Luno support with your payment details for further assistance in resolving the matter.
If you are unable to receive a refund directly from Luno, consider reaching out to customer service again for further assistance. You may also want to escalate your inquiry within Luno's support system to ensure your case is reviewed thoroughly. Additionally, reviewing your account details and transaction history may provide clarity and assist in your communication with support.
If Luno refuses to issue a refund, it's advisable to review their refund policy again to ensure all conditions have been met. You may also consider reaching out to their support team for further clarification on the decision. Additionally, checking your account details and transaction history may provide more insight into the situation.
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¹ Total savings is calculated based on internal annualized estimates of savings for customers. ² Average requests times may vary depending on volume of requests
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