BB Merchant Services - Australia’s Post

CFOs & Finance Directors of Large Organisations: Claim Back Significant Fees on Commercial Card Transactions 💳 BB Merchant Services, in partnership with Harcus Parker Limited law firm, is supporting a landmark claim against Visa and Mastercard over commercial card fees that have been significantly higher than consumer card fees for many years. If your organisation accepted Mastercard or Visa commercial card payments in the UK between June 2016 and June 2022, this could be a major opportunity to recover substantial overpaid fees. 📌What You Need to Know: Fully Funded and Insured: This action is 100% funded, meaning no upfront costs for businesses to join, and it’s fully insured, so there’s no financial risk involved in participating. Opt-In Requirement for Large Organisations: For companies with a £100m+ annual turnover globally between 2016 and 2019, you must actively opt-in to be part of the claim and secure your eligibility for any awarded damages. Smaller businesses will be automatically included, although they’re encouraged to register to facilitate any future payouts. The Scale of Opportunity: Commercial cards typically attract fees of 1.3% to 2%, which is much higher than capped consumer card fees. While these cards may form a smaller proportion of your transactions, their higher value means the costs quickly add up. This claim aims to recover the difference between these higher commercial card fees and what you could have paid under capped rates, potentially covering 10+ years of transactions. Even if your organisation previously settled consumer card fee claims, you may still qualify for a substantial payout on commercial card fees alone. Potential for Earlier Payout: Bench Walk, the funder for this case, may offer an early payout for up to 49% of an individual claim’s value. This provides large organisations with the option of accessing part of their claim value ahead of the full settlement, giving you flexibility and financial relief sooner rather than later. Why Act Now? This is a rare chance for larger organisations to recoup a decade’s worth of excess fees that often go unnoticed. Claimants must opt-in by 10 February 2025 to be eligible, but the process takes just a few minutes. 🔗 Register your interest and secure your claim eligibility today. #interchange #merchantservices #visa #mastercard #cardpayments

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