If you’re a United States-based merchant who accepted Visa or Mastercard as a form of payment between 2004 and 2019, you may be entitled to a share of a $5.54 billion settlement fund. You could be eligible to claim a significant sum of money, depending on your business’s transaction volume during the covered period. Regardless of the size of your business, there may be potential for substantial financial compensation. Let Pinnacle Minds help you through the qualifications before the deadline to file a claim on 8/30/24!
What is the Visa/Mastercard Settlement?
On March 26, 2024, an agreement was reached between merchants and Visa/Mastercard, stemming from a class-action lawsuit over swipe fees. As a result, businesses across various industries stand to receive compensation for overcharges on their credit card processing fees.
Swipe fees, like the ones paid to Visa and Mastercard, are paid to credit card companies in exchange processing transactions. Frequently, merchants are passing those fees onto the consumer by either charging more for services or upcharging on credit card transactions. In 2005, a lawsuit was filed against Visa, Mastercard, and their member banks for charging excessive fees in violation of Federal Antitrust laws. This settlement is the conclusion of a series of complicated legal actions regarding the processing fees Visa and Mastercard charged to merchants between 2004 and 2019.
How Do I Know if I Qualify for the Settlement?
If you offered Visa or Mastercard as a payment option between 2004 and 2019, you may qualify for a portion of the $5.54 billion settlement fund. To take advantage of this settlement and see if you qualify for compensation, you can fill out a registration form here. You can also contact Pinnacle Settle with any questions you have about the application process. We have nearly two decades of experience helping businesses curb their merchant services rates and recover money that they are entitled to. Our merchant services team understands the intricacies of this settlement and will guide you through the claims process step by step.
If you don’t act before the August 30, 2024 deadline to submit your claim to the $5.54 billion settlement fund, you risk forfeiting the money you’re entitled to. To get started, simply contact Pinnacle Settle! We’re standing by to help you every step of the way. Get in touch today and let us make sure you don’t miss out on what could be a game-changing recovery for your business.
How Can Pinnacle Settle Help Me During the Application Process?
Pinnacle Settle has almost two decades of experience helping businesses of all kinds cut their merchant services rates and recover little-known funds that they are entitled to. Let our process work for you:
• Pinnacle Settle’s Settlement Recovery Service is designed to do the complicated work for you, allowing you to focus on running your business.
• Our team will gather relevant data from our extensive network of payment card processing partners, analyze it against settlement databases, and submit a thorough and accurate claim on your behalf to maximize your return.
• Pinnacle Settle will also liaise with the Settlement Administrator to ensure you receive the money you’re entitled to from available funds.
• With Pinnacle Settle’s comprehensive market experience, robust database, and proven track record, you can count on our team to streamline the claim submission process and maximize your settlement recovery.
Don’t wait until it’s too late. Act now and secure your share of the Visa/Mastercard settlement before the August 30, 2024 deadline!
