About the Interchange Fee Settlement

If your business accepted Visa or Mastercard payments between 2004 and 2019, you may now be eligible to claim your portion of a $5.54 billion settlement.

The Court has granted a 180-day extension for filing claims, moving the deadline to Tuesday, February 4, 2025.

To file your claim online, simply fill out the form above. Don’t wait—the final deadline to file your claim is February 4, 2025.The $5.54 billion settlement originates from a class-action lawsuit filed against Visa and Mastercard, where merchants accused the credit card companies of imposing excessive fees and non-transaction charges. The lawsuit, initiated in 2005, also alleged that Visa, Mastercard, and several banks colluded to enforce anti-competitive rules, violating antitrust laws.

After nearly two decades of legal battles, including an earlier settlement overturned on appeal, this historic resolution offers merchants the opportunity to recover overpaid fees.

Don’t miss your chance! Sign up today, and we’ll help you process your information to ensure you receive the compensation you’re entitled to from this settlement.

Important Settlement Information

  • 1

  • SETTLEMENT FUND

  • $5.54 BILLION DOLLARS

  • 2

  • SETTLEMENT PERIOD

  • Jan 1, 2004 – Jan 25, 2019

  • 3

  • CLAIM FILING DEADLINE

  • February 4, 2025

  • 4

  • CURRENT STATUS

  • Claims Filing Has Begun

Submitting Your Claim for the Settlement: A Step-by-Step Guide

To begin claiming your share of the Visa/Mastercard settlement, please complete the intake form. Be sure to enter your business entity's legal name as it appears on your official document, as it will be used on all proceeding official documents.

Disclaimer: Your Taxpayer Identification Number (TIN) will be requested on the initial intake form, as it is required for the Authority to Represent document. Please ensure that the individual signing the documents has the proper signing authority for the business. Titles such as “Junior” may lead to delays and require re-signing of the documents.

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Fill Out The Intake Form

Ensure you enter the legal name of your business entity accurately and double-check the spelling, as this information will be used on all official documents.

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Sign Documents

Our streamlined system enables you to sign the documents instantly after completing the intake form. A PDF copy will also be sent to your email for your records.

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Case Submission/Review

After your documents are signed, they will be submitted, and you will receive email updates to keep you informed about the status of your claim.

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Check Case Status

You can quickly check the status of your claim by entering your Tax ID in the Status Checker below.

We operate on a contingency basis, so you only pay if/when we successfully recover your compensation. Our fee for the credit card settlement is 25% of the gross amount awarded, payable only after your compensation is collected.

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Visa / Mastercard Class Action Settlement

Frequently Asked Questions

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.

Complete the form on our website, and within 3-5 days to up to two weeks, you’ll be able to check the status of your claim. Class members do not need to sign up for any third-party service to participate in the monetary relief. Free assistance is available from the Class Administrator and Class Counsel throughout the claims-filing process.

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. File your claim today to determine your eligibility.

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

You can submit claims for multiple eligible businesses, but each claim must be filed individually.

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*This will ONLY work if you have used cardnetsettlement.com to file your claim.

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You can reach us using the following contact details..

Phone: 888-532-2070 Email: claims@cardnetsettlement.com

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