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Old 09-17-2010, 05:49 PM
 
Location: Michigan
29,391 posts, read 55,591,550 times
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NEW YORK, Sept. 17 (UPI) -- New York State Lottery officials said MasterCard has been illegally charging an extra $10 to purchase Lotto or Mega Millions tickets.

Officials said the credit card company has been treating subscription purchases as cash advances, making them subject to an extra fee, and the company has also been charging higher cash advance level interest on the purchases, sometimes as much as 24.9 percent, the New York Daily News reported Friday.

MasterCard charging extra Lotto fees - UPI.com
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Old 09-17-2010, 06:22 PM
 
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while i think it is ok to charge more interest on cash advances, it is wrong to lump subscriptions into the cash advance rate. as for charging extra when someone buys a lottery ticket on mastercard, that is flat out wrong and needs to stop, and the overcharges refunded.
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