Visa / Mastercard Class Action Settlement

Frequently Asked Questions, Answered

  • If your business accepted Visa or Mastercard credit or debit cards in the U.S. from January 1, 2004, to January 25, 2019, you might qualify to receive compensation.

  • The Visa and Mastercard settlement addresses claims that these companies engaged in unfair practices regarding debit and credit card transactions, such as imposing high fees and restricting competition. The settlement aims to provide compensation to merchants impacted by these practices.

  • Complete the form on our website, and within 3-5 days, or up to two weeks, you will be able to check the status of your claim.

    Class members do not need to use a third-party service to participate in any monetary relief. The Class Administrator and Class Counsel will provide no-cost assistance throughout the claims-filing period. For more information, visit paymentcardsettlement.com.

  • The official settlement site can be found here: https://www.paymentcardsettlement.com/en/Document

  • Your business's award amount will be determined by various factors, including the volume of Visa and Mastercard transactions processed during the eligible period and the specific terms of the settlement. Generally, the more transactions your business handled, the higher your potential award may be.

  • The amount paid from the settlement fund will be determined based on your actual or estimated interchange fees from Visa and Mastercard transactions between you and your customers during the period from January 1, 2004, to January 25, 2019. The payout for each Authorized Claimant will depend on several factors, including:

    • The total funds available to pay claims.

    • The total value of all valid claims submitted.

    • Administrative and notice costs.

    • Applicable taxes and related tax expenses.

    • Attorneys’ fees and expenses.

    • Monetary awards to the Rule 23(b)(3) Class Plaintiffs for their role in representing merchants in MDL 1720, which led to the Class Settlement Agreement.

    All payments are subject to court approval.

  • The deadline to file a claim is February 4, 2025. File a claim now to see if you qualify.

  • It is recommended that you consult with a tax professional, as settlement payments might be considered taxable income.

  • You can file claims for each eligible business, but each claim must be submitted individually.

  • If you have any further questions, please reach out to us using the form on the contact page, or email us at help@transactionsadviser.com.


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