MERCURY PAYMENT SYSTEMS - POS DEALERS
Investigating a potential class action lawsuit on behalf of POS dealers against Mercury Payment Systems, a credit card processing company, for underpaying commissions. It is alleged that Mercury Payment Systems promotes itself to POS dealers by pointing to its high profit margins and suggesting that POS dealers will share in those margins through commissions. It is further alleged that Mercury does not disclose that a substantial portion of those profits margins may consist of inflated interchange fees that Mercury characterizes as pass-through costs on merchant statements and they are thus not included in the revenue shared with POS dealers. If you are a POS dealer for Mercury Payment Systems, please contact us.
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