Steve Wilkinson - Business Correspondent, The Entrepreneur Raconteur
Did you know that you might be missing out on a huge payout from Visa and MasterCard? A long running lawsuit has resulted in a $6 billion settlement, and many of the businesses we've spoken with recently weren't aware of it.
Why does that matter to you? Well, if you accepted credit card payments at any point between January 1st 2004 to January 24th 2019, you’re most likely eligible to claim part of the settlement! That means Visa and MasterCard might owe you money...
If you want to get involved and claim the cash that’s most likely rightfully yours, then a resource we found called Allies Business Advisors can connect you with a reputable claims management company to facilitate the settlement process.
More information can be found at:
https://alliesadvisors.com/visa-mastercard-lawsuit
Allies Business Advisors said that it's important to file your claim before the cut off date (which has yet to be announced at the time of writing), because if you don't, you could risk missing out on a payment that could rightfully be owed to you.
The credit card companies class action lawsuit has been a long-winded and long-running process, but despite that it has flown under the radar of so many of the business owners we've spoken with considering how far back the case goes.
However, if you’re looking to get involved and claim your part of the Visa MasterCard settlement, we recommend getting in touch with Allies Business Advisors for help. The newly announced service means that more business owners can tap into the repayment worth an estimated $5.54 - $6.24 billion.
You probably don’t even have to question whether you’re entitled to the settlement money. If you accepted payments between the above-mentioned dates, there's a very strong chance that you are eligible to participate.
The case was brought about as a result of merchants being unhappy with interchange fee charges. This is the fee collected by banks whenever a merchant accepts payment from a customer using a credit card. However, the lack of competition had allowed those fees to skyrocket.
So several merchants decided to fight back, sued the payment card companies, and eventually won. Now you can claim your portion of the settlement if you file your claim soon.
Allies Business Advisors explains that there are three options for businesses able to claim. You can either do nothing (and receive nothing), calculate and file your own claim, or retain a reputable claims management company to work on your behalf while you focus on your business at hand.
Find all the details you need at:
https://alliesadvisors.com/visa-mastercard-lawsuit
Disclaimer: Claim forms are not yet available. Note: You are not required to file with a third-party provider; doing so is 100% your choice. If you prefer to file and calculate your own claim by working with the appointed settlement administrator, contact details and information about the no-cost assistance can be found at: www.paymentcardsettlement.com.
