If you submitted your claim through CardNet Settlement, we charge a flat 25% processing fee, which is deducted from your settlement award once it is paid.

If your business accepted Visa or Mastercard credit or debit cards in the U.S. between January 1, 2004, and January 25, 2019, you may be eligible for compensation.

The Visa and Mastercard settlement resolves claims that these companies engaged in unfair practices related to debit and credit card transactions, such as imposing high fees and restricting competition. The settlement aims to compensate merchants impacted by these practices.

The official settlement website is available at: https://www.paymentcardsettlement.com/en/Document

The amount your business may receive will depend on various factors, including the volume of Visa and Mastercard transactions your business processed during the eligible period and the terms of the settlement. Generally, a higher transaction volume could result in a larger award.

The settlement amount you receive will be determined by your actual or estimated interchange fees from Visa and Mastercard transactions with your customers between January 1, 2004, and January 25, 2019. The payment for each Authorized Claimant will depend on several factors, including: - The total funds available in the settlement pool. - The total dollar value of all valid claims submitted. - Costs related to class administration, notifications, and applicable taxes. - Attorneys' fees and expenses. - Awards granted to the Rule 23(b)(3) Class Plaintiffs for representing merchants in MDL 1720, which led to the Class Settlement Agreement. All amounts are subject to approval by the Court.

The deadline to submit a claim is February 4, 2025.

It's recommended to consult with a tax professional, as settlement payments might be considered taxable income.