Class Action Settlement: Visa/Mastercard Interchange Fee Lawsuit
If your business accepted Visa and/or Mastercard between 2004 – 2019, you’re eligible to claim your share of a $5.5 billion Settlement. To begin the process of claiming the funds you deserve, fill out the form below. Our team of legal experts will be in touch to help maximize your settlement amount. Please include details specific to your headquarters or primary business location. If your portfolio includes multiple businesses operating independently, we recommend separate registrations for each entity to ensure comprehensive recovery. Let us be the trusted partner that guides you to the restitution you deserve.
Key Settlement Information
Settlement Fund: $5.54 billion
Settlement Period: Jan 1, 2004 – Jan 25, 2019
Claim Filing Deadline: August 30, 2024
Current Status: Claims are being filed
FAQ
Summary Of The Visa/Mastercard Interchange Fee Lawsuit
This lawsuit addresses improper interchange fees charged to merchants that accepted Visa or Mastercard credit or debit cards between January 1, 2004 and January 25, 2019.
Merchants harmed by the interchange fees made the following allegations:
- Visa and Mastercard, and their respective member banks, violated the law because they (i) set interchange fees, and (ii) imposed and enforced “rules” that limited merchants from steering their customers to other payment methods. Those rules include so-called no-surcharge rules, no-discounting rules, honor-all-cards rules, and certain other rules. Doing so insulated Visa and Mastercard from competitive pressure to lower the interchange fees.
- Visa and Mastercard conspired together to implement some of the business practices challenged.
- Visa and Mastercard, and their respective member banks, continued in the aforementioned activities despite the fact that Visa and Mastercard changed their corporate structures and became publicly owned corporations after the case was filed.
- Visa and Mastercard, and their respective member banks, continued in the aforementioned activities despite the fact that Visa and Mastercard changed their corporate structures and became publicly owned corporations after the case was filed.
How do you start the settlement recovery process with us?
To begin, complete our Registration Form with information about your primary business location.
Why work with us?
Our team of legal experts, advisors, researchers and IT specialists is here to navigate the complexities of a class action settlement to get you every dollar you’re entitled to. While you have the option to file for the Visa Mastercard Settlement without our support, we’re here to provide you with the opportunity to stay focused on the work you are meant to be doing while we apply our expertise to maximize possible recovery for your business. Our process is streamlined and robust, requiring minimal effort on your part, and we operate on a success fee basis.
Claim Submission Process:
After you fill out the form, we submit your claim and handle all correspondence with the Settlement Administrator.
Recovery and Payment:
Once successful, receive your funds directly, with our fee subtracted from the recovered amount. We only earn a fee if we successfully recover funds for you. No recovery means no fee.
Claim Deadline:
Claims are currently being filed until August 30, 2024.