No, this is not a scam. There is a class action settlement for all businesses that accepted debit and credit cards at any time between the dates of January 1, 2004 and January 25, 2019. The filing deadline has been extended from August 8, 2024 to February 4, 2025. If you believe you may qualify, then go to this website and fill out the claim:
If you do not have a claimant ID, then it will be a 2 step process. You will provide your EIN, then the claims administrator will attempt to determine whether you may qualify for the class. If so, they will assign you a claimant ID and Control Number. With these 2 numbers, you will file the actual claim.
In my estimation, the average business will receive around $100-300. Of course, the amount received is a percentage of the interchange fees you paid during this time.
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