SMBs are entitled to Recover Past Visa/MasterCard Interchange Fees

By general
In Channel
April 30, 2013

/ SMB Nation

As SMBs and the VARs and MSPs who service them, we know that every last bit of revenue depends on our livelihood and survival, this also includes being able to pay the fees currently charged by today’s banks and credit cards for merchant transactions. But how would you feel if you knew that two popular credit card companies, namely Visa and MasterCard, were the subject of a landmark $7+ billion class action settlement that recently received preliminary approval from the Court; In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation?

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