Small\u002D and medium\u002Dsized businesses have until end of the year to file for compensation in settlement with Visa and Mastercard. Find out more
The suit also alleged the parties conspired to impose rules restricting merchants’ ability to surcharge customers or to refuse higher-cost credit cards. NewThis advertisement has not loaded yet, but your article continues below.A total of $131 million in compensation is available for distribution to members of the class action after court-approved deductions.
Merchants eligible to receive money from the settlements must have accepted VISA and Mastercard credit cards between March 23, 2001 and Sept. 2, 2021.Why a business owner who paid himself dividends got into trouble with the CRA
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FP Answers: What are credit-card surcharges and when can merchants start charging them?A settlement with Visa and Mastercard, means most businesses in Canada can now add a surcharge on credit card transactions. Read more
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