not exactly free money.
for you to be a 'victim' of the fee's scam. you have probably already paid fee when you done bitcoin trades in the past. so more likely a refund of those fees. thus it was your money in the first place.
so was it an amount that can be considered as the amount of bank charges you paid. or was it more and a 'discretionary compensation amount' ontop of any fee refund amount.
other things to note. is that chase has always had a 'cash advance' policy. however it was actually the bitcoin exchange that when processing payments. the exchange informed the bank the purpose of the payment was 'cash advance' and not 'purchase'
exchanges do this to avoid customers doing 'chargebacks' because banks wont chargeback a 'cash advance'
so i see this as a mistake made by exchanges not informing customers that their deposits are being handled as 'cash advances'
..
maybe tucker can sue the exchanges next, as it was the exchanges that put customers into a 'loan' situation.
but what i can see happening is chase next drops serving exchanges that request 'cash advances'
Interesting information, thank you for sharing this with me. I obviously didn't do a lot of homework on this, just read a couple quick write ups and they didn't get very far in depth about everything.
Of course it's not free money if it was already owed to me, I was just meaning that in the sense that it's money I would have never known I lost otherwise. To answer your question, I do not know if I was "awarded" and compensation on top of what was already owed to me. Going to look in to that though.
