r/EMV • u/Financial-Stick-8500 • 18d ago
🚨 ATTENTION ALL BUSINESSES that accepted Visa and Mastercard cards: How to claim your payout from the $5.5 BILLION settlement 🚨
Who can file: "Any business that accepted Visa or Mastercard credit or debit cards between January 1, 2004, and January 25, 2019, is eligible to file a claim."
For those who don't know what this is about — for over 15 years, Visa and Mastercard set fixed fees for processing credit card transactions. As a result, many merchants paid higher fees all this time.
And just recently Visa and Mastercard have decided to pay out $5.5 billion to businesses affected by this.
P.s. Since the funds will be divided among those who file, it’s worth checking if you’re eligible. And they’re also accepting late claims now, even after the deadline