Retailers Receiving Offers to Rejoin Interchange Fee Settlement

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Bookstores that opted out of the Visa and MasterCard credit card swipe fee cash settlement back in 2013 may have received, or could soon receive, a notice offering them the chance to rejoin the cash settlement class. At press time, the American Booksellers Association is in the process of consulting with counsel and with other retail allies to gain more information about the notice and will have an updated recommendation to member stores well before the mid-December deadline posted on the notice.

In the meantime, booksellers with questions should contact David Grogan, ABA senior public policy analyst, at dave@bookweb.org or via phone at (800) 637-0037, ext. 7562.

For more on the Visa Mastercard settlement, click here. The Class Action website can be found at paymentcardsettlement.com.