$5.6B Visa Mastercard Settlement: Is It A Scam? Read This

Did you receive the LensCrafters AccuFit False Advertising Settlement email? It is not a scam. You received the mail because you filed a claim.

Who Is Eligible For The $5.6B Visa Mastercard Settlement

Retailers had accused the credit card giants of playing fast and loose with credit and debit card fees. They said Visa and Mastercard were overcharging them on these interchange fees, also known as swipe fees, whenever customers whipped out their debit or credit cards.

So, the court’s decision to back the settlement came with a bit of a showdown. Some people were arguing that the class action lawsuit against Visa and Mastercard should never have even gotten the green light because there was some confusion about how much compensation everyone deserved.

How Much Is The Settlement

The Second Circuit Court of Appeals has given the green light to $5.6 billion settlement agreement between Visa, Mastercard, and 12 million retailers.

But that’s not all. Retailers were also arguing that Visa and Mastercard were kinda bossy, not letting them steer customers toward cheaper payment methods.

How To File A Claim

There is no claim form available right now, fill out one when it is.

Conclusion

$5.6B Visa, Mastercard Settlement is not a scam, Just like Ross Employees Class Action Lawsuit, the whole deal started because someone claimed that LensCrafters