An update on the Visa/Mastercard antitrust settlement. Heads up: the deadline is approaching to file a claim and receive the reimbursement due to you.
10/17/2023 3:25 P.M.
2 minute read
Here’s some good news: If your business accepted any Visa or Mastercard payments between 2004 and 2019, you may be eligible to recover funds from a recent settlement.
The $5.6 billion antitrust settlement arose from a lawsuit alleging that businesses paid excessive interchange fees for accepting Visa and Mastercard payments. As a result, all businesses that accepted Visa or Mastercard payments within that 15-year time period have an opportunity to get back the money you overpaid.
DCap Claims works directly with and on behalf of clients to file claims, maximize their value, communicate with the claims administrators and service claims through ultimate recovery.
But to take advantage of this opportunity, you have to move quickly. The official claim form will be issued in December 2023. Court documents suggest that the filing window will only last between 3-6 months before refund distribution measures begin.
“Companies eligible for claims are due monies from the claims regardless of their size,” said Mark Valenti, vice president of business development at DCap Claims. “Don’t let this opportunity slip away.”
Click here to read FAQs from DCap Claims and options for members interested in filing a claim.
Transactions that occurred between Jan. 1, 2004, and Jan. 25, 2019, are eligible and equate to a refund of a portion of the credit card interchange fees you’ve been paying all this time.
DCap Claims works on a contingent basis so there is no risk to ACA members, and they have successfully claimed over $200 million for their clients in other markets.
Want more information? Listen to this Hot Topic webinar to learn how simple it is to collect the funds you deserve. (Training Zone subscribers, you can access this webinar as part of your subscription!)
Reach out to DCap Claims now for more information and get the refund you deserve.