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Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...
Credit Card processing fee. These companies are taking 3.5% of every transaction. It's 160 BILLION per year. ... Now let’s talk about subscription traps, or the neverending “free trial ...
However, a free trial in exchange for credit card details can not be stated as a free trial, as there is a component of expenditure. While forced free trials can be an effective marketing technique, there are ethical concerns when companies require customers to provide credit card information for a supposedly "free" trial.
A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants who accept their credit and debit cards. U.S. District ...
Woman holding credit card while talking on phone. Image source: Getty Images. ... You sign up for a free trial, and boom -- a $99 annual membership fee hits your checking account.
In 1996, four million merchants sued Mastercard in federal court for making them accept debit cards if they wanted to accept credit cards and dramatically increasing credit card swipe fees. This case was settled with a multibillion-dollar payment in 2003. This was the largest antitrust award in history. [34]
An offer of a $25 gift card and a "30-day risk-free trial membership" to customers who had purchased unrelated items over the phone. The script was deceptive because it falsely implied the gift card was a reward for the earlier purchase and didn't inform consumers they were purchasing a membership.
The new year gives us the chance to explore free trial offerings on everything from movie and TV streaming services to retail shopping subscriptions. Did we mention these trials are free and can ...
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