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credit card class action lawsuit

Happy "Friday Jr." — Andrew from Narcity here. ☕

Off The Top: "Cheadle" is apparently the name for the neon orange cheese dust you end up discovering in every nook and cranny after eating a bag of Cheetos. It's also the name of a town in Alberta that recently installed a massive roadside tribute to the finger-staining snack food. There is no greater endorsement for the value of public art.

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Credit card companies in Canada are now giving businesses the option to add a surcharge to purchases, which means you could start paying more when you use your credit card.

Following a class action lawsuit earlier this year, credit card companies Visa and Mastercard must now provide businesses the option to add a surcharge on credit card purchases to offset merchant fees, which typically cost the business around 1.5 to 2.5% of the sale.

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Right now, you could be owed hundreds — or even thousands — of dollars from one of these class action lawsuits in Canada.

If you were impacted by the recent Rogers outage, own an eligible Nissan car, have accepted certain credit card payments, or own a qualifying electronic device, you could be in line for a payout.

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A credit card class action settlement totalling USD$131 million has been reached between Visa, Mastercard and several Canadian banks, allowing eligible merchants to claim up to $600 back in compensation.

Last month, the law firms representing the "Canadian credit card interchange fees action" confirmed the court approval of the settlement, which is worth approximately CA$188 million.

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