Comments on: Credit Card Currency Transaction Fee Settlement

By: Stewie

Stewie — Mon, 17 Jan 2011 07:15:57 +0000

11 appeals are challenging the final judgment!!! What a joke. I doubt we’ll ever see a penny at this rate. It explains a lot about our legal system. Shame.

By: Carol Kelly

Carol Kelly — Mon, 19 Apr 2010 02:20:17 +0000

I chose Option 2 and mailed it in April 2008. Has anyone received any $?

Carol Kelly

By: Ryan

Ryan — Sun, 24 Aug 2008 18:10:02 +0000

JP: I don’t know how the credit card companies get away with charging so many fees. I’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’t very much and it took a long time to hav the fee removed, I might consider giving up as it wouldn’t be worth my time.

By: JP

JP — Fri, 22 Aug 2008 05:33:34 +0000

I just had this “Fee” assessed to me and I didn’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’s central database processed the information together through three different financial institutions to evaluate the situation to see if they could finagle the “fee” out of the circumstances and yet charge it to me in a fassion such that I can’t process the complaint via means other than “fee” dispute with my bank. I’m not confused about the orwellian twitch I have crawling up my neck but I am about how they are still doing this?

By: George

George — Tue, 17 Jun 2008 00:48:45 +0000

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’t heard anything.

By: Ryan

Ryan — Tue, 17 Jun 2008 00:00:33 +0000

Sorry George,

I haven’t heard anything yet. I’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!

By: Ryan

Ryan — Sat, 14 Jun 2008 20:29:13 +0000

George,

Thanks for the added info. It may be a little late for some people to take advantage of this settlement, but I’m sure, as you mentioned, that plenty of people already did.

Thanks for stopping by.

By: George Spelvin

George Spelvin — Fri, 13 Jun 2008 23:34:31 +0000

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’s quite likely that more claims were submitted than there is money available to pay them, so don’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.