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Listen up, businesses! Time's running out to claim your share of a $5.5B settlement
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Listen up, businesses! Time's running out to claim your share of a $5.5B settlement

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ut-to-claim-your-share-of-a-5-5b-settlement.html
  Print publication without navigation Published in Business and Finance on by USA Today
  • 🞛 This publication is a summary or evaluation of another publication
  • 🞛 This publication contains editorial commentary or bias from the source
Feb. 4 is the last day businesses and nonprofits can file a claim in a $5.5 billion Mastercard-Visa settlement. Even shuttered businesses are eligible
The article from USA Today discusses a significant settlement involving Visa and Mastercard, where both companies have agreed to pay a combined $5.54 billion to resolve claims that they overcharged merchants on interchange fees. Merchants who accepted Visa or Mastercard payments between January 1, 2004, and January 25, 2019, are eligible to file for a portion of this settlement. The deadline to submit a claim is May 31, 2024. The settlement aims to compensate businesses for the alleged excessive fees, with the amount each merchant receives depending on various factors including the volume of transactions processed during the specified period. Merchants can file claims online or by mail, and the process involves providing transaction data to support their claims.

Read the Full USA Today Article at:
[ https://www.usatoday.com/story/money/small-business/2024/12/18/deadline-claim-visa-mastercard-settlement/76948117007/ ]