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	<title>Comments on: Credit Card Currency Transaction Fee Settlement</title>
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	<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/</link>
	<description>Money Management, Small Business, Career</description>
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		<title>By: Ryan</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-12249</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Sun, 24 Aug 2008 18:10:02 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-12249</guid>
		<description>&lt;strong&gt;JP:&lt;/strong&gt; I don&#039;t know how the credit card companies get away with charging so many fees. I&#039;m not familiar with the situation you wrote about, but it seems like something I would call about to try and have removed. However, there is a time limit I would spend. If the fee wasn&#039;t very much and it took a long time to hav the fee removed, I might consider giving up as it wouldn&#039;t be worth my time.</description>
		<content:encoded><![CDATA[<p><strong>JP:</strong> I don&#8217;t know how the credit card companies get away with charging so many fees. I&#8217;m not familiar with the situation you wrote about, but it seems like something I would call about to try and have removed. However, there is a time limit I would spend. If the fee wasn&#8217;t very much and it took a long time to hav the fee removed, I might consider giving up as it wouldn&#8217;t be worth my time.</p>
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		<title>By: JP</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-11954</link>
		<dc:creator>JP</dc:creator>
		<pubDate>Fri, 22 Aug 2008 05:33:34 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-11954</guid>
		<description>I just had this &quot;Fee&quot; assessed to me and I didn&#039;t even leave the country!  I bought something on E-Bay and transferred the money to my PayPal account.  I got charged a fee of 3% and my bank never dealt with anyone outside the country.  I think my bank charged me the fee but they are just a pass through to Mastercard who is recieving the fee.  It bothers me that Mastercard&#039;s central database processed the information together through three different financial institutions to evaluate the situation to see if they could finagle the &quot;fee&quot; out of the circumstances and yet charge it to me in a fassion such that I can&#039;t process the complaint via means other than &quot;fee&quot; dispute with my bank.  I&#039;m not confused about the orwellian twitch I have crawling up my neck but I am about how they are still doing this?</description>
		<content:encoded><![CDATA[<p>I just had this &#8220;Fee&#8221; assessed to me and I didn&#8217;t even leave the country!  I bought something on E-Bay and transferred the money to my PayPal account.  I got charged a fee of 3% and my bank never dealt with anyone outside the country.  I think my bank charged me the fee but they are just a pass through to Mastercard who is recieving the fee.  It bothers me that Mastercard&#8217;s central database processed the information together through three different financial institutions to evaluate the situation to see if they could finagle the &#8220;fee&#8221; out of the circumstances and yet charge it to me in a fassion such that I can&#8217;t process the complaint via means other than &#8220;fee&#8221; dispute with my bank.  I&#8217;m not confused about the orwellian twitch I have crawling up my neck but I am about how they are still doing this?</p>
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		<title>By: George</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-9225</link>
		<dc:creator>George</dc:creator>
		<pubDate>Tue, 17 Jun 2008 00:48:45 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-9225</guid>
		<description>Now that the final closure date has passed, does anyone know if a timetable for payments has been established? I assume that people who chose option #1 will be processed first (since they have the least complicated paperwork), but you know what happens when you assume. Anyway, I chose option #2 and haven&#039;t heard anything.</description>
		<content:encoded><![CDATA[<p>Now that the final closure date has passed, does anyone know if a timetable for payments has been established? I assume that people who chose option #1 will be processed first (since they have the least complicated paperwork), but you know what happens when you assume. Anyway, I chose option #2 and haven&#8217;t heard anything.</p>
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		<title>By: Ryan</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-9226</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Tue, 17 Jun 2008 00:00:33 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-9226</guid>
		<description>Sorry George, 

I haven&#039;t heard anything yet. I&#039;ve read it may take a few years before the dust settles. My guess is this will keep lawyers in business for a long time! ;)</description>
		<content:encoded><![CDATA[<p>Sorry George, </p>
<p>I haven&#8217;t heard anything yet. I&#8217;ve read it may take a few years before the dust settles. My guess is this will keep lawyers in business for a long time! <img src='http://cashmoneylife.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /> </p>
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		<title>By: Ryan</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-9199</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Sat, 14 Jun 2008 20:29:13 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-9199</guid>
		<description>George,

Thanks for the added info. It may be a little late for some people to take advantage of this settlement, but I&#039;m sure, as you mentioned, that plenty of people already did.

Thanks for stopping by.</description>
		<content:encoded><![CDATA[<p>George,</p>
<p>Thanks for the added info. It may be a little late for some people to take advantage of this settlement, but I&#8217;m sure, as you mentioned, that plenty of people already did.</p>
<p>Thanks for stopping by.</p>
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		<title>By: George Spelvin</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-9186</link>
		<dc:creator>George Spelvin</dc:creator>
		<pubDate>Fri, 13 Jun 2008 23:34:31 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-9186</guid>
		<description>I would add that the deadline to submit a claim was May 30, 2008. If you did not submit your claim by that date, you are out of luck. I would also note that it&#039;s quite likely that more claims were submitted than there is money available to pay them, so don&#039;t start planning your next trip to Aruba based on this payment. Also, it could be months (or possibly even years) before these refunds are disbursed, depending on the status of any legal challenges that are filed. For this reason, you would be well advised to keep your address updated with the case administrators. You can do that via the link in my post above.</description>
		<content:encoded><![CDATA[<p>I would add that the deadline to submit a claim was May 30, 2008. If you did not submit your claim by that date, you are out of luck. I would also note that it&#8217;s quite likely that more claims were submitted than there is money available to pay them, so don&#8217;t start planning your next trip to Aruba based on this payment. Also, it could be months (or possibly even years) before these refunds are disbursed, depending on the status of any legal challenges that are filed. For this reason, you would be well advised to keep your address updated with the case administrators. You can do that via the link in my post above.</p>
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		<title>By: George Spelvin</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-9185</link>
		<dc:creator>George Spelvin</dc:creator>
		<pubDate>Fri, 13 Jun 2008 23:23:55 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-9185</guid>
		<description>The dollar amount of your refund under Option 2 is based on the U.S. Department of Commerce Annual Survey of International Air Travelers, as explained in the question/answer section of the settlement Web site. Hint: If you were able to check &quot;business&quot; as your main reason for travel, instead of the other choices in Option 2, you&#039;ll receive a larger payment. Here is a link to the Q &amp; A section of the settlement Web site, with an excerpt from the section explaining how the refunds are calculated under the various options:

http://www.ccfsettlement.com/faqs/#idQ30

&quot;Refund Option 1 will provide an easy refund of $25. Refund Option 2 will be based on typical spending patterns during travel outside of the U.S. Claimants who choose Refund Option 2 will provide an estimate of the number of days they spent outside of the U.S. during the class period and the frequency of their travels for the purpose of business, visiting friends or relatives, vacation/leisure, or other travel purpose. Travel purpose and time outside the U.S. are factors captured in the U.S. Department of Commerce annual Survey of International Air Travelers, and can be used as predictors of trip expenditures outside of the U.S. The Settlement Administrator will calculate the amount of the refund under Refund Option 2 using an algorithm. The algorithm is designed to provide an estimate of a Claimant’s refund using the information supplied in the Claimant’s Refund Option 2 claim form and other data, including from the U.S. Department of Commerce’s survey noted above. The algorithm calculation for a Refund Option 2 claim will be based on a 1% foreign transaction fee. Refund Option 3 will utilize the bank that issued your credit and/or debit/ATM card and the dollar amount of your foreign transaction fees (apart from any alleged increase in base exchange rates). Refunds for all claims, regardless of the option chosen, will depend on the amount of money available to pay claims and the number and total dollar value of all valid claims filed.&quot;</description>
		<content:encoded><![CDATA[<p>The dollar amount of your refund under Option 2 is based on the U.S. Department of Commerce Annual Survey of International Air Travelers, as explained in the question/answer section of the settlement Web site. Hint: If you were able to check &#8220;business&#8221; as your main reason for travel, instead of the other choices in Option 2, you&#8217;ll receive a larger payment. Here is a link to the Q &amp; A section of the settlement Web site, with an excerpt from the section explaining how the refunds are calculated under the various options:</p>
<p><a href="http://www.ccfsettlement.com/faqs/#idQ30" rel="nofollow">http://www.ccfsettlement.com/faqs/#idQ30</a></p>
<p>&#8220;Refund Option 1 will provide an easy refund of $25. Refund Option 2 will be based on typical spending patterns during travel outside of the U.S. Claimants who choose Refund Option 2 will provide an estimate of the number of days they spent outside of the U.S. during the class period and the frequency of their travels for the purpose of business, visiting friends or relatives, vacation/leisure, or other travel purpose. Travel purpose and time outside the U.S. are factors captured in the U.S. Department of Commerce annual Survey of International Air Travelers, and can be used as predictors of trip expenditures outside of the U.S. The Settlement Administrator will calculate the amount of the refund under Refund Option 2 using an algorithm. The algorithm is designed to provide an estimate of a Claimant’s refund using the information supplied in the Claimant’s Refund Option 2 claim form and other data, including from the U.S. Department of Commerce’s survey noted above. The algorithm calculation for a Refund Option 2 claim will be based on a 1% foreign transaction fee. Refund Option 3 will utilize the bank that issued your credit and/or debit/ATM card and the dollar amount of your foreign transaction fees (apart from any alleged increase in base exchange rates). Refunds for all claims, regardless of the option chosen, will depend on the amount of money available to pay claims and the number and total dollar value of all valid claims filed.&#8221;</p>
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	<item>
		<title>By: Ryan</title>
		<link>http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/comment-page-1/#comment-4258</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Sun, 20 Jan 2008 19:29:32 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/2007/12/13/currency-transaction-fee-settlement/#comment-4258</guid>
		<description>If you have the records, I would probably send in the actual amount you spent. That way you have proof your number is correct. I have no idea what rates they use to determine the actual rate.</description>
		<content:encoded><![CDATA[<p>If you have the records, I would probably send in the actual amount you spent. That way you have proof your number is correct. I have no idea what rates they use to determine the actual rate.</p>
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