VISA/MC forex settlement - Page 2

Darryl · 12-09-2007, 08:05 PM

Yep just the $25 option 1 online to save the stamp. I did study the thing for awhile was thinkining scam scam scam.

lswswein · 12-09-2007, 08:19 PM

Thanks for the thread guys. I was debating if it was a scam till I saw this. Btw I picked Option2

-h

chinaco · 12-10-2007, 04:09 AM

We have been out of the country many many times on vacation since the settlement. But most of the money was spent directly with a domestic company for arrangements. They in-turn spent internationally.

I am going for the $25.

Visa/MC is getting too big and too powerful when it comes to holding sway over our currency transactions.

Electronic currency and transaction are becoming so prevalent... I am beginning to wonder when we (as a country) will need to make fundamental changes.

Nords · 12-31-2007, 10:29 PM

Option 2-- seven weeks x $25/week.

Correcting that future value to present value (after appeals) and adjusting for inflation & over-subscription puts us at... about 25 cents.

With all of spouse's government-sponsored travel to Thailand over the last five years, it's a shame she hasn't been ID'd for this yet.

Dreamer · 12-31-2007, 11:45 PM

I received it also. I was looking for some papers for our health spending account today and ran across it. I have not read it yet though.

Texas Proud · 01-01-2008, 03:00 AM

Hmmm... I wonder what will happen with me....

I lived in London for 14 months but did not use my card for that much... but did take trips while living in London.... so do I get the whole 14 months or only the 6 to 8 weeks traveling

**Sarah in SC** · 01-02-2008, 11:23 AM

Texas, I'd put the whole time down. We lived on our boat in the Bahamas for part of that time, and I included that in the 19 weeks we listed in Option 2. Now, I wonder how many years it will be before we see this money?

ESRBob · 01-03-2008, 09:41 PM

Just submitted option 2 for 135 days over 10+ years. (Life in 7 years of ER has been good!)

Just wondering though if they can dial down the Option 1 $25 payment based on numbers of people replying, too. A side of me wonders whether several years from now we won't all be getting $8 or $9 while the lawyers walk away with $120 million. After all, if they have 332 million to spend, 10 million visa users asking for $25 apiece could use up 250 million and that doesn't even get to Option 2 or 3 (which they clearly state can be dialed down based on number of people applying...) I dunno....

I filed though because I was so sore for many years about Visa and MC (and Amex -- how did they get out of this suit?) doing this forex scam -- I'm glad the suit is requiring them to pay up and presumably mend their ways. I was particularly miffed to learn that not only were they putting on the 2% transaction fee, but they were also sometimes not giving the interbank rate that they swore up and down they were giving for the day's exchange rate. Trouble was you could never check it or call them on it. I guess class action is the only way.

Texas Proud · 01-29-2008, 11:13 AM

Well, just got out my passport and put in the days in the system.... over 460...

Now.. if I get back all I will be RICH.. RICH I say....

12-09-2007, 08:05 PM	#21
Darryl Recycles dryer sheets Join Date: Mar 2007 Posts: 335	Yep just the $25 option 1 online to save the stamp. I did study the thing for awhile was thinkining scam scam scam. __________________ Your focus determines your reality - Qui-Gon

12-09-2007, 08:19 PM	#22
lswswein Recycles dryer sheets Join Date: Mar 2005 Posts: 319	Thanks for the thread guys. I was debating if it was a scam till I saw this. Btw I picked Option2 -h __________________ Hope springs eternal in the human breast:Man never is, but always to be blest. The soul, uneasy and confined from home,Rests and expatiates in a life to come.

12-10-2007, 04:09 AM	#23
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 2,951	We have been out of the country many many times on vacation since the settlement. But most of the money was spent directly with a domestic company for arrangements. They in-turn spent internationally. I am going for the $25. Visa/MC is getting too big and too powerful when it comes to holding sway over our currency transactions. Electronic currency and transaction are becoming so prevalent... I am beginning to wonder when we (as a country) will need to make fundamental changes. __________________ Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.

12-31-2007, 10:29 PM	#24
Nords Moderator Emeritus Join Date: Feb 2004 Location: Oahu Posts: 15,741	Option 2-- seven weeks x $25/week. Correcting that future value to present value (after appeals) and adjusting for inflation & over-subscription puts us at... about 25 cents. With all of spouse's government-sponsored travel to Thailand over the last five years, it's a shame she hasn't been ID'd for this yet. __________________ * * For more info see "About Me" in my profile.

01-02-2008, 11:23 AM	#27
Sarah in SC Moderator Join Date: Sep 2005 Location: Charleston, SC Posts: 2,733	Texas, I'd put the whole time down. We lived on our boat in the Bahamas for part of that time, and I included that in the 19 weeks we listed in Option 2. Now, I wonder how many years it will be before we see this money? __________________ "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain DINKS, 37 and 45, plan for his ER at 50, mine few yrs later.

12-31-2007, 11:45 PM	#25
Dreamer Full time employment: Posting here. Join Date: Jan 2005 Posts: 850	I received it also. I was looking for some papers for our health spending account today and ran across it. I have not read it yet though.

01-01-2008, 03:00 AM	#26
Texas Proud Thinks s/he gets paid by the post Join Date: May 2005 Posts: 3,052	Hmmm... I wonder what will happen with me.... I lived in London for 14 months but did not use my card for that much... but did take trips while living in London.... so do I get the whole 14 months or only the 6 to 8 weeks traveling

01-03-2008, 09:41 PM	#28
ESRBob Thinks s/he gets paid by the post Join Date: Mar 2004 Posts: 1,278	Just submitted option 2 for 135 days over 10+ years. (Life in 7 years of ER has been good!) Just wondering though if they can dial down the Option 1 $25 payment based on numbers of people replying, too. A side of me wonders whether several years from now we won't all be getting $8 or $9 while the lawyers walk away with $120 million. After all, if they have 332 million to spend, 10 million visa users asking for $25 apiece could use up 250 million and that doesn't even get to Option 2 or 3 (which they clearly state can be dialed down based on number of people applying...) I dunno.... I filed though because I was so sore for many years about Visa and MC (and Amex -- how did they get out of this suit?) doing this forex scam -- I'm glad the suit is requiring them to pay up and presumably mend their ways. I was particularly miffed to learn that not only were they putting on the 2% transaction fee, but they were also sometimes not giving the interbank rate that they swore up and down they were giving for the day's exchange rate. Trouble was you could never check it or call them on it. I guess class action is the only way.

01-29-2008, 11:13 AM	#29
Texas Proud Thinks s/he gets paid by the post Join Date: May 2005 Posts: 3,052	Well, just got out my passport and put in the days in the system.... over 460... Now.. if I get back all I will be RICH.. RICH I say....

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