There is a $5.5 billion lawsuit settlement involving Visa and Mastercard. Here's the critical information:
After two decades of litigation, this settlement was finalized in 2023, aiming to reimburse merchants, like yourself, who were overcharged for Interchange fees between 2004 and 2019. These fees, ranging from 1.5% to 3.5% of transaction amounts, could translate to $10,000 to $15,000 for every $1 million processed. Despite less than 2% of eligible merchants opting in, estimates remain conservative.
Any merchant processing Visa and Mastercard transactions from 2004 to 2019 qualifies.
You Must Act Now! The deadline to file is August 30th, 2024. To get the process started, simply text or call 516.265.7446.
For more detailed insights, watch this brief video: https://rb.gy/w7ur98
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