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What happened to the MasterCard FX refund?
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lr1277
Posts: 2,139 Forumite


in Credit cards
In the last few years, I remember reading about MasterCard being forced to pay compensation to those card users who bought items in a foreign currency.
What happened to that case? Did I miss the resolution or the refund?
What happened to that case? Did I miss the resolution or the refund?
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This is news to me - any chance you could post a link to the original article? As far as it goes, there's no reason why anyone should be entitled to a refund purely on the basis of making a foreign-currency transaction - people do this all the time. There must be more to this.
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lr1277 said:In the last few years, I remember reading about MasterCard being forced to pay compensation to those card users who bought items in a foreign currency.
What happened to that case? Did I miss the resolution or the refund?
It'll plod along but whether it succeeds or not is up to the courts. One side is a former FOS regulator, the other is a massive multi-billion pound business, so I know where I'd bet it will end up going. If we get some money great, but expect nothing and you won't be disappointed
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Ebe_Scrooge said:This is news to me - any chance you could post a link to the original article? As far as it goes, there's no reason why anyone should be entitled to a refund purely on the basis of making a foreign-currency transaction - people do this all the time. There must be more to this.2
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