Visa & MasterCard Settlement Information

Navigating the increasing number of changes in the payments industry can be difficult for companies of any size. At BCMS, we realize the importance of providing proactive information related to industry changes that may have an impact on your business. In support of this, our partner, Elavon, has developed a guide to help you understand the important details related to the Payment Card Interchange Fee and Merchant Discount Antitrust Litigation and the recent settlement proposed by Visa® and MasterCard®.


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Settlement Information

Merchant Surcharging

In November 2012, the United States District Court for the Eastern District of New York preliminarily approved a proposed settlement agreement in the In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. As part of this settlement, Merchants in the U.S. and U.S. territories have the ability to surcharge certain credit card transactions beginning January 27, 2013. Merchants who choose to surcharge once the rule changes take place will be required to follow certain requirements, including disclosure of surcharge practices to customers at the store entry point and at the point of sale. To learn more about Merchant Surcharging, please download the PDF below or visit

 Factors to consider:

  • What will my customers think?
  • What will I need to disclose to my customers?
  • What will my competitors do?


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Merchant Surcharging

Recharge Your Business in 2013


It’s the start of a new year. The holiday rush has come and gone, and now is the perfect time to evaluate last year’s successes and failures. Reflect on last year’s market. Did your business grow? How can you improve? Learn so you can evolve in 2013.

  1. Get your priorities in line. Create a list of everything you need to get done. This can range from short-term goals (clean and organize) to long-term goals (expand your business). After you create your list, assess which tasks are the most important. Rank your goals/tasks to help with time management.
  2. Shut down non-profitable parts of your business. Determine the money makers and the drains on your resources. If you aren’t sure, talk to your accountant.
  3. Increase monthly cash flow. Sounds easy, right? This is the goal of every small business. Take a look at your fixed and variable costs. Where can you make cuts? BCMS can provide you with low rates on credit card processing. Additionally, our division, Certified Utility Services, can reduce your utility rates. Two easy ways to cut costs.
  4. Take a chance. It’s 2013. Now is the time to take that chance to grow your business. Do you want to purchase new equipment, hire more employees, expand into another storefront? We can give you the funding you need to push your business forward. You can receive $5,000-$500,000 from our Merchant Cash Advances.

Good luck! We wish you success in 2013!