The Settlement
The $5.54 billion settlement is a result of an ongoing class-action lawsuit involving Visa and Mastercard. The lawsuit alleges that these credit card companies charged merchants unfair swipe fees, which were deemed excessively high and lacking transparency.
Initiated in 2005 by merchants, the litigation contended that Visa and Mastercard, along with various banks, collaborated to establish fees and regulations for credit card transactions that were anti-competitive and violated antitrust laws.
After years of legal disputes and a prior settlement that was reversed on appeal, this $5.54 billion agreement is regarded as a major resolution.
Key Settlement Information
Settlement Fund
5.54 Billion Dollars
Settlement Period
Jan 1,2004 - Jan 25,2019
Claim Filing Deadline
February 4, 2025
Current Status
Claims Filing has Begun
How to Submit Your Claim for the Settlement
Complete The intake Form
Ensure you accurately enter the legal name of your business entity and double-check the spelling, as this information will appear on all official documents.
Sign Documents
Within 24 hours of submitting the intake form, a document will be sent to you for review and signature acceptance. Once completed, you will receive a copy for your records.
Case Submission/Review
After your documents are signed, they will be submitted, and you will receive email updates regarding the status of your claim. If you have any additional questions, don’t hesitate to reach out to us.