Merchants processing through BluePay that don’t want to deal with trying to collect on their own their portion of the $7 billion interchange class-action settlement Visa and MasterCard struck with merchants in 2012 now have an alternative.
BluePay on May 30 announced it is collaborating with Brownstone Recovery Group to help its merchants recover their share of the settlement. BluePay is urging its merchants to consider working with Brownstone to take advantage of its expertise “to get the maximum benefit that they deserve.”
Once merchants file a claim on the BluePay website, Brownstone navigates the filing process on behalf of the merchant and helps to determine whether the merchant’s estimated recovery is appropriate and fair. Merchants that accepted Visa or MasterCard transactions between Jan. 1, 2004, and Nov. 28, 2012, are eligible to file a claim and be included in the settlement.
Not every merchant is participating in the settlement. In fact, many of the largest have opted out so they may file their own lawsuits to seek better terms. One of the latest merchants to do so was Walmart, while filed its own litigation in March.
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