Don’t let this bad deal get forced on you! Tell the court to reject it!
Express your opposition today. Let Visa and MasterCard know that your business won’t stand for this!
On November 27, 2012, Judge John Gleeson of the United States District Court granted preliminary approval to a settlement in the case of In Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation (MDL 1720). Unfortunately, the settlement is a bad deal for merchants. It would allow Visa and MasterCard to keep fixing fees in the future without limitation. Every business of any kind that has accepted a Visa or MasterCard credit or debit card for payment since January 1, 2004 is a member of the class of plaintiffs in this antitrust case.