Class Action Settlement
Visa / MasterCard Class Action Settlement Recovery
A court case was recently settled between a group of merchants, on one hand, and Visa, MasterCard, and issuing banks, on the other hand, about unfair business practices related to interchange fees. If you accepted Visa or MasterCard between January 1, 2004 to January 25, 2019, you are part of a $7 billion dollar settlement. But, you have to register to be included. MerchantService.com and Brownstone Recovery Group are here to help.
Interchange is the fee collected by banks every time a merchant accepts payment from a customer using a card. We don't have to tell you how high the fees have gone. Finally, merchants cried FOUL. The lack of competition meant steadily rising fees and no alternatives. In October 2012, both parties agreed to settle for more than $7 billion dollars.
FOR ADDITIONAL INFORMATION, CLASS MEMBERS MAY VISIT www.paymentcardsettlement.com, THE COURT-APPROVED WEBSITE FOR THIS CASE.