Did you receive a notice from AMEX? Did you receive a mail about a class action settlement to resolve AMEX’s Rules Making Business Overpay Swipe Fees lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is AMEX’s Rules Making Business Overpay Swipe Fees Class Action Settlement?
For years, American Express has imposed unfair – and potentially illegal – rules on small- to mid-sized business owners that have led them to pay grossly inflated fees for accepting credit cards at their establishments.
Specifically, American Express has prohibited merchants from influencing customers in any way to choose a more business-friendly payment method and from surcharging to help recoup costly credit card processing fees.
What Is This Class Action All About?
Attorneys working with ClassAction.org are gathering small- to medium-sized business owners to take legal action against American Express. They believe American Express’s rules against merchants surcharging customers or “steering” them toward cards with lower fees are illegal and have cost the typical small business owner tens of thousands of dollars.
It costs nothing to sign up, and the attorneys will only get paid if they win your claim.
You’re signing up for what’s known as “mass arbitration,” which involves hundreds or thousands of people bringing individual arbitration claims against the same company at the same time and over the same issue.
There is no catch. Attorneys working with ClassAction.org believe merchants across several industries have been illegally limited when it comes to handling credit card processing fees. They’re now helping these business owners take action. It doesn’t cost anything to sign up, and the attorneys only get paid if they win your claim.
Who Is Eligible?
This settlement benefits Merchants who accept American Express and other credit cards.
How To Be Part of This Settlement
For class member to partake in this settlement, class members must submit a valid claim form on the settlement website.
What Is The Pay For This Settlement?
While there are no guarantees, attorneys working with ClassAction.org believe merchants could be owed anywhere between $10,000 and $70,000 depending on the specifics of their business.
Conclusion
As you submit your claim to the settlement website, just like Fashion Nova class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
