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Why is this fraud?
They lured people into spending money on getting awards. Now they are not only removing the award system, but going back and retroactively removing awards that have already been given out, effectively taking peoples money and not providing the service that the money paid for.
Not to mention, people who have coins have 2 months to spend them on something that will go away after that 2 month period.
It's like magic! You spend money and - poof - it's gone.
I see what you mean.
People spending money on something worthless and that’s what they got.
The terms were clear that these worthless awards were temporary by nature to begin with. There’s no argument for fraud, and I’m sure Reddit has a competent legal department.
(Civil) Legality aside. The remorse these buyers feel is healthy, imo.
Anyhow, fuck Reddit.
Yes and no.
I suspect that Reddit is going to lose a fair number of chargebacks, because the credit card association rules are often a bit more strict.