888-494-9988

  • slide1

Published on Tuesday, 27 May 2014 Published in Blog

Merchants, you have until June 6, 2014 to voice your objection to the class lawsuit whose basic premise is the following: "[There are certain] allegations that certain rules applicable to individuals and businesses (“merchants”) that accept American Express cards in payment for goods or services violate the antitrust laws resulting in merchants paying excessive fees for accepting American Express cards."

 

Merchants that accept American Express Co. cards were notified they can be part of a potential $75 million settlement of a class-action lawsuit brought against AmEx over alleged anti-trust violations. A Sept. 17, 2014 hearing in federal court will approve or reject the settlement.

 

The benefits of the settlement do not include monetary payouts, or even adjust any merchant’s fees for accepting American Express cards, but merchants will enjoy other benefits that can be viewed here.

 

More details about the proposed settlement can be found at www.amexmerchantsettlement.com.