How to File a Visa/Mastercard Settlement Claim as a Business Owner

May 2024 For many businesses, accepting credit card payments is a must in order to generate business. With fewer people carrying cash these days, credit cards and debit cards are a convenient way to pay for goods and services without hassle. At the same time, processing credit and debit card payments isn't free—and many payment processing systems charge fees to business owners for the processing of credit card payments. Unfortunately for merchants and small business owners, these fees can add up quickly and cost businesses a pretty penny. In fact, some businesses have even gone so far as to charge customers more for using a credit card as a means of offsetting these fees. The good news? Business owners whose businesses accepted Mastercard and Visa payments between 2004 and 2019 may be entitled to financial compensation through a class action lawsuit with a more than $5.5 billion settlement. View the full article here.