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Visa Mastercard Litigation Refund – Sage Payment Mailings Explained

August 28, 2013 by Wayne Schulz

sage litigation

Several of our customers have called with questions about a mailing they received from Sage Payment Solutions. The title of the mailing “Visa/Mastercard Antitrust Litigation – You may be eligible for a refund!” announces that Visa and Mastercard users may be eligible to claim part of a $7.2 billion class action settlement concerning swipe fees.

via NBC News:

Visa, MasterCard and the nation’s biggest banks have agreed to pay $7.3 billion to millions of merchants to end a seven-year dispute over credit card “swipe” fees. The settlement includes at least $6.05 billion in payments to some 7 million merchants for past damages and a temporary reduction in fees valued at $1.2 billion.

The mailing from Sage is a way for users who don’t wish to file their own claim (here) to use the services of a third party who will file the claim on their behalf for a percentage of the amount recovered.

Refund Recovery

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Filed Under: Sage 100 ERP, slider Tagged With: mastercard, payments, refund recovery, sage, visa

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About Wayne Schulz

Wayne Schulz is a Sage 100 Consultant located in Connecticut. He has worked with Sage 100 since 1986 and provides advanced support to companies located throughout the United States. If you are experiencing an issue with Sage 100 and would like to schedule a support session - please request assistance here or call 860-657-8544.

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