MasterCard illegally adds fees to Lottery players

Comment #11

sully16 — Sun, 26 Sep 2010 22:27:49 GMT

not allowed to use credit cards here in mich.

Comment #10

LckyLary — Sat, 25 Sep 2010 19:27:33 GMT

usually, they don't accept credit card for Lottery here.

Comment #9

Hermanus104 — Wed, 22 Sep 2010 00:19:56 GMT

In Virginia, I've bought lottery tickets with a debit card - I couldn't buy them with a credit card.

In South Carolina, I could not figure out where I put my cash, and you had to pay for lotto tickets in cash.

I don't know how Georgia works, because I use cash for almost everything.

Comment #8

HaveABall — Tue, 21 Sep 2010 23:26:51 GMT

I thought of becomming a subscriber a few times. Thought I'd use my debit card (cash), I wouldn't need to spend money on gas driving to stores that way (plus spending extra money on non-lottery related store purchases).

However, has anybody won a net multi-million $ JACKPOT yet who was a subscription ticket holder? If yes, please share the details.

Comment #7

savagegoose — Tue, 21 Sep 2010 18:30:46 GMT

YEAH most gambling isnt allowed on credit. one of my staes lotto orgs had a buy via credit card on their website, and i took advantage of that for about 2 years, before someone have a prob wei noticed and it all ended.

but i dont have a prob with them charging cash advance fees, it is meant to be a cash only game. so the charges should be same lvl as cash

Comment #6

Daveyl — Mon, 20 Sep 2010 03:29:32 GMT

Our state lottery won't allow credit card purchases of lottery tickets. It's just as well. Playing games of chance with money you don't have yet is a sure way to find yourself living on the street.

Comment #5

PERDUE — Sun, 19 Sep 2010 22:10:32 GMT

I agree with you 100%. The greedy bas-tards should be fee gouged themselves. Sound like a lot of buck passing on behalf of the government and banks. Yet they pay no hefty fees when they take their greedy butts on gambling excursions to Monte Carlo or Vegas themselves.

That's why I always pay cash for my lottery purchases and if i order anything I pay with a money order and the only credit card I use is a pre-paid credit card. Keeps me on my monetary budget and I don't have a monthly bill ever... [ More ]

Comment #4

Bradly_60 — Sat, 18 Sep 2010 15:14:46 GMT

Mastercard would not be at fault here. Mastercard isn't a bank that loans the money on a credit card, they are a payment processing company. It would be up the the bank that handles the card to charge fees or not. In now way is this Mastercard's fault, it would be Capital One, Bank of America, Chase, or whatever bank the credit card is from. I think the story is kind of misleading.

Brad

Comment #3

HoLeeKau — Sat, 18 Sep 2010 14:54:38 GMT

Yeah but you hurt yourself too, especially if you've had it 30 years like the one guy. Your credit score usually plummets when you lose an old credit line unless you have a bunch of other old lines to make up for it.

It would be better to pay it off immediately and then don't use it. That way you keep the benefit of an old credit line, they lose money from stores on usage fees and they lose money on interest you've been paying. It's a win/ lose/ lose situation. FWIW I know some cards require... [ More ]

Comment #2

Nino224 — Sat, 18 Sep 2010 05:43:09 GMT

Cancel your card. That's how you hurt 'em

Comment #1

rdgrnr — Sat, 18 Sep 2010 01:08:39 GMT

MasterCard is guilty of outright gouging and I hope they get clobbered for it legally.

They should pay back double to everybody they screwed and then massive punitive damages on top of it just to get the message out to all the would-be crooks out there.

MasterCard illegally adds fees to Lottery players

Lottery Post — Sat, 18 Sep 2010 00:51:46 GMT

All you need is a dollar and a dream to play the Lottery, except if you're paying with MasterCard then it's an extra 10 bucks.

Plus interest.

The credit card company has quietly been treating subscription purchases of Lotto or Mega Millions tickets as cash advances making them subject to an extra fee.

MasterCard is also charging higher cash advance level interest on the Lottery ticket purchases, as much as 24.9% percent in some cases.

That, too, is a no-no, Lottery officials said.... [ More ]