Alert for our business owners/entrpreneurs - Visa/Mastercard class action settlement Alert for our business owners/entrpreneurs - Visa/Mastercard class action settlement

starting strength gym
Results 1 to 2 of 2

Thread: Alert for our business owners/entrpreneurs - Visa/Mastercard class action settlement

  1. #1
    Brodie Butland is offline Starting Strength Coach
    Consigliere
    Join Date
    May 2011
    Location
    Cleveland
    Posts
    3,964

    Default Alert for our business owners/entrpreneurs - Visa/Mastercard class action settlement

    • phoenix arizona seminar date
    • texas seminar date
    For all of you who run a business and have accepted credit card payments from either Visa or MasterCard anytime from January 2014-January 2019, apparently the parties reached a class action settlement in an antitrust case filed in a New York federal court, which the court has preliminarily approved (for those who aren't lawyers, unlike most individual settlements, class action settlements have to be approved by a court to ensure fairness to the class members). I'm not too well versed on the facts--I just know the general allegation is that Visa and MasterCard conspired to overcharge fees to merchants, in violation of federal antitrust laws.

    Details of the settlement and how to see if you qualify here: Payment Card Settlement | Official Court-Authorized Website - Home

    Admittedly we're only talking a miniscule percentage of your total revenue...but if you routinely took credit card payments over a period of years (and I know a lot of you gym owners and coaches take credit card payments), even a fraction of a percent adds up.

  2. #2
    Ray Gillenwater's Avatar
    Ray Gillenwater is offline Administrator, Starting Strength Gyms
    Starting Strength Coach
    Join Date
    Aug 2017
    Location
    California
    Posts
    82

    Default

    Itís good to have a lawyer SSC in the crew - thanks for looking out, Brodie!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •