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

^{Published on 2024-12-18 05:20:47 - USA Today}
 

• 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/ ]

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