Freedom 251 makers refund pre-booking money

Money refund

Ringing Bells, the makers of the controversial “Freedom 251” smartphone, has reportedly claimed to have paid back the money it generated from the first 30,000 pre-booking orders on the first day of the sale this month.

Mohit Goel, managing director of the Noida-based company, has claimed that the money of all 30,000 customers has been refunded and the company will now accept cash on delivery only, according to news channel ABP News.
Ringing Bells had received 30,000 orders on the first day and the rest of the customers will be selected on first-come-first-serve basis as the company received a mammoth over seven crore registrations.
Earlier on Friday, Ringing Bells president Ashok Chadha had announced that the Rs.251 (less than $4) “Freedom 251” smartphone customers will be required to make payment only when the smartphone is delivered to them.

“The company has decided that we will, henceforth, offer ‘cash on delivery’ mode of payments for those who have placed an order for the ‘Freedom 251′ smartphone. This will ensure further transparency and clear any misgivings,” Chadha said in a statement.
The company plans to give 25 lakh handsets in the first phase before June 30.

The Noida-based startup claims to have tied up with the payment gateway provider PayUbiz so that it receives payment only on the submission of proof of delivery (POD) to the payment gateway.

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