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Oil Jumps to Nearly $100, Generates More Interchange Fee Profiteering
With crude oil prices topping $99.29 a barrel, Visa and MasterCard’s member banks are reaping extra rich rewards this holiday season. Few motorists understand that a percent of most credit card...
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No Interchange Fee on Gift Cards
Especially during the holiday season speedily encroaching, more retailers are expected to promote their own electronic payment gift cards. Billions will be spend by consumers to purchase plastic gift...
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Even More Hidden Credit Card Fees
We’re pausing for a moment from our mission to invalidate the merchant interchange fees to identify yet another windfall for Visa and MasterCard. Have you seen those Visa and MasterCard gift cards...
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Visa and MasterCard Gift Cards: Almost as Profitable as Interchange Fees
Visa and MasterCard are promoting their prepaid gift cards. MasterCard promotes this as ”perfect for friends and family.” It’s even more perfect for them and its member banks. Why? If you are like us,...
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All About the Visa and MasterCard Promotional Gift Card Scheme
I recently bought a new AT&T wireless cell phone and received a $50 rebate, but not so fast. The refund was not a standard check, but rather as an electronic payment AT&T branded Visa...
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Premier Shopping Mall Agrees with WayTooHigh.com
I have long advocated against and drawn attention to the unscrupulous and anti-business practices of Visa and MasterCard’s electronic gift cards. The cards raise questions about the hidden interchange...
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