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Visa / MasterCard Consumer and Merchant Fees National Class Action |
CONSUMER LAW GROUP has launched a national class action lawsuit against Visa and MasterCard on behalf of merchants who accept as a method of payment these companies’ credit cards and consumers who purchased a good or service one of these merchants.
The class action is based on these companies imposing significant anti-competitive restrictions on merchants from trying to encourage customers to use lower-cost methods of payment and from declining to accept certain Visa and MasterCard credit cards with high fees. Merchants then pass on some or all of the increased costs resulting from high credit card costs to their customers in the form of higher retail prices. These costs are borne by all customers, including those that use other methods of payment, such as cash, debit cards or credit cards with lower fees.
To post a comment, please visit our blogs at www.visaclassaction.blogspot.com and www.mastercardclassaction.blogspot.com
The class action lawsuit identifies the group of affected persons as:
Merchant Class
o all residents in Canada who accepted as a method of payment for the sale of a good or service a credit card put onto the marketplace directly or indirectly by the Respondents, or any other group to be determined by the Court;
Alternately (or as a subclass)
o all residents in Quebec who accepted as a method of payment for the sale of a good or service a credit card put onto the marketplace directly or indirectly by the Respondents, or any other group to be determined by the Court;
Consumer Class
o all residents in Canada who purchased a good or service from a Merchant Class member, or any other group to be determined by the Court;
Alternately (or as a subclass)
o all residents in Quebec who purchased a good or service from a Merchant Class member, or any other group to be determined by the Court;
If you or someone you know accepts Visa and MasterCard as payment or purchases from such a merchant goods or services and you wish more information on potential compensation or to be kept advised of the status of the Visa / MasterCard Consumer and Merchant Fees Class Action litigation or any resulting compensation from the Visa / MasterCard Consumer and Merchant Fees Lawsuit in Canada, Quebec or Ontario, please provide your contact information to our law firm using the below form.
IF YOU WISH TO JOIN THE CLASS ACTION OR TO SIMPLY GET MORE INFORMATION, PLEASE COMPLETE THE FORM BELOW. Please note that providing your information creates no financial obligation for you. You are not charged any fee or cost for joining this class action. Our law firm is paid a contingency fee from the compensation recovered, only if the class action is successful. All information contained in this transmission is confidential and Consumer Law Group agrees to protect this information against unauthorized use, publication or disclosure.
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| Filed Dec 17, 2010 |
| Superior Court of Quebec |
| Status: Active |
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