Bank statement charge
What is MG LABS LIMITED on my card or PayPal?
Who charged you
MG Labs Limited the Hong Kong company that runs MoneyPilot, a paid class action claims service
MG LABS LIMITED is MG Labs Limited, the Hong Kong company that runs MoneyPilot, a paid service that finds class action settlements and files claims for its members. The charge is usually a MoneyPilot plan, billed every month, 3 months or 6 months, or a one-time add-on bought during sign-up.
How it can show on a statement
MG LABS LIMITEDMONEYPILOT
Find out what it was
- 1
Search your inbox, spam and promotions folders for MoneyPilot and MG Labs, and for the exact amount.
- 2
Open the payment in PayPal or your banking app and count the MG Labs lines on that day: a plan plus one or more add-ons bought at sign-up show as separate charges.
- 3
Think back to an ad, quiz or sign-up page about class action settlements or money you might be owed, around the date of the first charge.
- 4
Compare the dates: a charge one, 3 or 6 months after the first one points to a plan renewing.
- 5
Ask others who use your card or PayPal account whether they signed up to claim settlement money.
- 6
Still a charge you did not agree to? File your complaint here. We write it with you and send it to MG Labs (MoneyPilot), so you do not have to chase it yourself.
Not in any of your accounts? If nobody in your household made it, someone else may have used your card details. Your card issuer can stop the card, so the charges do not continue.
Why does it say “MG LABS LIMITED”?
MoneyPilot is the name people see in the ads and in the app, but the business behind it is MG Labs Limited, a company incorporated in Hong Kong. MoneyPilot's own help pages answer the question of a charge from MoneyPilot or MG Labs by saying that MG Labs is the company behind MoneyPilot, and people who found the charge quote the name MG Labs Limited from their PayPal account and their card statement. Its terms add that a line can also read MoneyPilot or something similar.
The payments are collected by Bloom Processing LLC, a Wyoming company that acts as payment manager on behalf of MG Labs, and they can be routed through more than one payment provider, so the wording can differ between a card, a bank and PayPal. None of these names says anything about settlements or claims.
Why you might see this charge
- A MoneyPilot plan that renewed: its terms offer plans of one month, 3 months and 6 months, each renewing on its own until it is cancelled.
- The first charge at the standard rate after a trial or a promotional price ended; the terms say a plan then renews at the standard rate.
- One-time add-ons offered during sign-up, such as Priority Filing, which moves claims to the front of MoneyPilot's queue, or a bundle of money tools at $19.99; people report several separate charges on the same day.
- A sign-up after an online ad or quiz about unclaimed class action money; several people say they did not expect a recurring plan to follow.
- A sign-up by someone else in your household who used your card or your PayPal account.
Is MG LABS LIMITED legit?
MG Labs Limited is the company that runs MoneyPilot, a real service that finds class action settlements and files claim forms for paying members; MoneyPilot says members keep all of any payout and that it takes no cut. An MG LABS LIMITED line is normally a charge for a MoneyPilot plan or an add-on.
Most unhappy reports are about billing: people say they did not expect a recurring plan, found several add-ons charged on the same day, or saw a renewal after they tried to cancel. Settlement money is paid by each settlement's administrator, often months after the filing deadline, so a charge before any payout does not by itself mean a claim failed. Messages that use the MoneyPilot name and ask for card details through a link are something else; check any charge against your own statement and inbox.
Other charges people look up
| On your statement | Who charged you | What it usually is |
|---|---|---|
| PCH*CLASSMATES.COM | Classmates | PCH*CLASSMATES.COM is a charge from Classmates, the school reunion and yearbook website run by PeopleConnect. |
| CHECKMYFILE.COM | Checkmyfile | CHECKMYFILE.COM is Checkmyfile, a UK credit report service run by Credit Reporting Agency Limited in Truro. |
| PUBLICRECORDS.US | PublicRecords.us (Public Records) | PUBLICRECORDS.US is PublicRecords.us, a paid US website that sells reports built from public records, such as court… |
| TRTHFDR*TRUTHFINDER.COM | TruthFinder | TRTHFDR*TRUTHFINDER.COM is TruthFinder, a US people search and background report website run by PeopleConnect. |
| BELL MEDIA | Bell Media | BELL MEDIA is Bell Media Inc., the Toronto company behind Crave, TSN, RDS and CTV, part of the same group as Bell… |
| D J*WSJ | The Wall Street Journal | D J*WSJ is Dow Jones & Company, the publisher of The Wall Street Journal, Barron's and MarketWatch. |
| CHEGG ORDER | Chegg | CHEGG ORDER is Chegg, the US homework help and study company. |
| EFAQ.COM | eFAQ | EFAQ.COM is eFAQ, a website run by eFAQ LLC that sells IQ, personality and other quiz results plus vehicle history and… |
Questions about MG LABS LIMITED
What is MG Labs Limited on my PayPal?
It is MoneyPilot, a paid service that finds class action settlements and files claims for you, run by MG Labs Limited in Hong Kong. People who did not recognise the name quote it from PayPal and from card statements, and MoneyPilot confirms that MG Labs is the company behind it.
Is MG Labs the same as MoneyPilot?
Yes. MG Labs Limited operates MoneyPilot, and Bloom Processing LLC collects the payments on its behalf. The line can read MG Labs Limited, MoneyPilot or a similar name.
Why are there several MG Labs charges on the same day?
MoneyPilot sells one-time add-ons next to its plan, such as Priority Filing or a bundle of money tools, and each one is charged separately, so a single sign-up can show as several lines.
Why was I charged by MG Labs when I have not received any settlement money?
The plan pays for MoneyPilot finding settlements and filing the claim forms. The money itself comes from each settlement's administrator, which MoneyPilot says usually pays 3 to 12 months after the filing deadline, and the amount can be small or nothing.
What if I did not agree to an MG LABS LIMITED charge?
File a complaint on Complain.biz soon: MoneyPilot's terms only consider refunds of plan charges asked for within 30 days of the charge. We write the complaint with you and send it to MoneyPilot, so you do not have to chase it yourself.
Based on
- Terms of Service: MG Labs Limited (Hong Kong) provides the service, Bloom Processing LLC collects payments, plans of 1, 3 and 6 months, statement descriptor, refunds (MoneyPilot)
- Help Center: I don't recognize a charge from MoneyPilot or MG Labs; Priority Filing; when settlements pay out (MoneyPilot)
- MoneyPilot is operated by MG Labs Limited (Hong Kong); one-time Smart Money Bundle add-on (MoneyPilot)
- Customer reviews: charges from MG Labs Limited on PayPal and on a credit card, several charges on one day (Trustpilot)