Visa/Mastercard Settlement: Detailed Explanation of the Settlement, Who Qualifies, How Much You Can Earn, and How to Claim Your Refund
Visa/Mastercard Settlement: Your Business Could Be Eligible for a Substantial Refund
In the realm of business operations, every dollar counts, and finding ways to recover overcharged fees can significantly impact your bottom line. The Visa/Mastercard settlement offers an opportunity for businesses to reclaim funds that were unfairly taken. However, navigating this process on your own can be daunting. Here’s a detailed look at the settlement, who qualifies, and how Renaissance Business Advisory can streamline the process for you.
What is the Visa/Mastercard Settlement?
Between 2004 and 2019, Visa and Mastercard overcharged businesses for processing fees. This led to a historic settlement, allowing affected businesses to claim refunds. The settlement provides a means for businesses to recover some of the excessive fees paid during this period.
Who Qualifies for the Settlement?
Any U.S. business that processed transactions with Visa or Mastercard between 2004 and 2019 may qualify for a refund. This includes a wide range of businesses, from small retailers to large corporations. If your business accepted Visa or Mastercard payments during this period, you could be entitled to a refund.
How Much Can You Earn?
The average refund ranges from $2,000 to $8,000 per million dollars processed in transactions. The exact amount depends on the volume of transactions your business processed with Visa and Mastercard during the qualifying period.
The Hardships of Claiming Your Refund Yourself
Attempting to claim your refund on your own can be an overwhelming and time-consuming process. Here are some of the challenges you might face:
Gathering Documentation: You’ll need to collect all transaction statements from 2004 to 2019, which can be a monumental task, especially if records are not readily available or organized.
Understanding the Process: Navigating the settlement administration portal and filling out the required documents correctly is complex and can be confusing.
Time Commitment: Sorting through years of financial records and ensuring all necessary documentation is accurate can consume a significant amount of your time and resources.
How Renaissance Business Advisory Makes It Easy
At Renaissance Business Advisory, we simplify the entire process for you. Here’s how:
Minimal Effort Required: You only need to answer 5 simple questions, taking no more than 15-20 minutes of your time.
Handling Paperwork: We manage all the paperwork and the entire claim process, ensuring that everything is filled out accurately and submitted on time.
Guaranteed Support: We guarantee and fight to claim the maximum recovery settlement for your business.
The Urgency of Acting Now
The deadline to apply for the Visa/Mastercard settlement is February 4th 2025. With the deadline fast approaching, it’s crucial to act quickly to ensure your claim is submitted on time. Don’t miss out on the opportunity to reclaim what’s rightfully yours.
Get Started Today
Contact Renaissance Business Advisory today to get started. Secure your refund before the February 4th 2025 deadline and let us help you claim what’s rightfully yours, effortlessly.