Visa and Mastercard Fees Settlement: Is It A Scam? Must Read

Did you hear about the Visa and Mastercard Fees Settlement? It’s not a scam.

If you accepted Visa or Mastercard between Jan. 1, 2004, and Jan. 25, 2019, you could be in for some extra cash. You have the chance to apply and grab a piece of the $5.6 billion payout.

Who Is Eligible For The Visa and Mastercard Fees Settlement

Merchants who took Visa or Mastercard credit or debit cards any time from Jan. 1, 2004, to Jan. 25, 2019, can now apply to see if they are entitled to a portion of a $5.6 billion payout.

Retailers took Visa and Mastercard to court, claiming they teamed up to set high “swipe fees” covering processing. These fees, usually 1% to 2% of the purchase price, allegedly led to higher costs for customers, and the rules prevented merchants from suggesting other payment methods. Whether customers realized they were paying more due to these fees remains uncertain.

How To File A Claim

If you are eligible fill out a valid claim form.

Click here to fill out a form.

Conclusion

In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL No. 1720 (MDK) (JO) Is not a scam. Just like Wells Cargo COBRA Settlement,

Retailers took Visa and Mastercard to court, claiming they teamed up to set high “swipe fees” covering processing. These fees, usually 1% to 2% of the purchase price, allegedly led to higher costs for customers, and the rules prevented merchants from suggesting other payment methods.