Paymentcardsettlement Scam or Legit? What You Should Know
Did you receive the Paymentcardsettlement email? Is not a scam, fill out a valid claim form before the deadline.
Visa and Mastercard just settled a big class action lawsuit. They’re paying out a $5.54 to $6.24 billion to businesses that took their cards from 2004 to 2019. There’s no court drama, everyone’s agreed to this deal. Now, it’s up to the Court to decide if it’s a fair shake for all those businesses.
Who Is Eligible For The Paymentcardsettlement
If you accepted Visa or Mastercard payments from 2004 to 2019, there’s a chance to get some money. But here’s the catch – you have to file a claim to get your share. No claim means no money, even if you took those card payments back then. So, make sure to file that claim if you want in on the payout.
Visa and Mastercard got sued for not playing fair. They were accused of making rules that stopped competition and didn’t give businesses a reason to lower their fees. The lawsuit says if they had played nice, businesses could’ve saved some cash on those fees. It’s like they got called out for making things more expensive than they needed to be.
How Much Is The Settlement
How much you get depends on how many interchange fees you paid during that time and how many folks make claims. But, gotta be real, in big lawsuits like this, individual payouts can be kinda small.
Still, no harm in making a claim unless you’re planning to go big with your own legal action. If that’s the case, you’d need to chat with a lawyer. Going solo with legal stuff can be pricey and is usually done by big companies.
How To File A Claim
If you are eligible, fill out a valid claim form to receive settlement before the deadline on May 31, 2024 .
Click here to fillout a form
Conclusion
In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation is not a scam. Just like Sound Transit Illegal receipt Lawsuit, Still, no harm in making a claim unless you’re planning to go big with your own legal action. If that’s the case, you’d need to chat with a lawyer. Going solo with legal stuff can be pricey and is usually done by big companies.
