Visa and Mastercard Settlement: What Merchants Need to Know
The Visa and Mastercard settlement has emerged as one of the largest antitrust cases in the financial industry, significantly impacting businesses that processed payments through these major credit card networks. With over $5.5 billion on the line, the settlement provides an opportunity for merchants to recover a portion of the fees that were charged between January 1, 2004, and January 25, 2019. If your business accepted Visa or Mastercard payments during this period, you might be entitled to a share of this substantial fund. Here's everything you need to know.