Many US-based merchants may have been burdened with exorbitant credit card processing fees due to potentially deceptive billing practices. Fees, which banks and card networks charge merchants to process credit- and debit card transactions, have more than doubled over the past decade and soared 16.7% last year (2022) to an all-time record of $160.7 billion, according to the Nilson Report, a trade publication that follows the credit card processing industry.
Legal experts argue that credit card processors policies could be unlawful and anti-competitive spawning several class action lawsuits. The latest round included $84M in settlements of which, one of our clients received approximately two hundred eighty-six thousand dollars (~$286,000) in back payments and an estimated one million dollars ($1,000,000) in ongoing savings per annum.
It’s time for merchants to rally together to fight for their bottom line.
Learn how you can be a part of the movement and why several businesses could potentially reclaim between $10,000 to $70,000/year in addition to back payments.
Payment Brokers has partnered with hundreds of merchants to raise awareness and challenge credit card processors concerning the potentially unfair pricing and fee structures on its merchants nationwide.
Join Hundreds of Other Merchants Currently in Mass Arbitration