Did you hear about overcharging by Visa and Mastercard?

Merchant Fee Overcharging

A portion of all interchange fees paid related to Visa and Mastercard credit and debit fees between 2004 and 2019 are eligible to be reimbursed…

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What is it About?

Merchant Credit Card Fees
A $5 billion dollar settlement fund was established for merchants like you to cover excessive fees charged. In short, if you processed Visa or Mastercard payments between January 1, 2004 and January 25, 2019, you may be eligible to receive a portion of the settlement funds.

Who does this apply to?

You have to be a legal representative of your business and have processed Visa or Mastercard payments between January 1, 2004 and January 25, 2019. This applies to past and present businesses. If you do not have signing authority for your business, but would like your business to participate, please forward this information to the owner or legal authorized representative.

How much do I pay?

This is a no-win, no-fee claim. That means that you pay nothing if your claim isn’t approved. It’s free to sign up with us to file your claim, and you will only pay legal fees if you receive any money. So, there is no financial risk to you.

What do I need to do?

You only need your legal business name and EIN number to sign up with our team to submit a claim on your behalf.

Is this worth my time?

We’re here to make this a painless process that takes less than 10-15 minutes of your time. Depending on your credit card volume, you could be entitled to a significant amount of money.

How much will I receive?

We believe the total amount of money owed to merchants could be up to 5 billion dollars. Most merchants who qualify will be eligible to reclaim a percentage of the fees they overpaid from 2004 to 2019. Although we can’t give you an exact amount, It could be thousands of dollars, depending on the amount of credit card charges your business accepted between 2004-2019. Do not be the owner who let this opportunity slip away.

About the Settlement

Visa-Mastercard Interchange Fee Settlement

Certain individuals or their companies may be entitled to receive money from a $5 billion class action lawsuit settlement.

In 2005, a lawsuit was filed regarding the interchange fees charged to merchants that accepted Visa or Mastercard credit or debit cards between Jan. 1, 2004, and Jan. 25, 2019. This case was later consolidated into In re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL No. 1720 (MKB) (JO), in the U.S. District Court for the Eastern District of New York.

The plaintiffs claimed that Visa and Mastercard violated the law because they set interchange fees, imposed and enforced rules that limited merchants from steering their customers to other payment methods, conspired about some of the business practices challenged and that the defendants’ conduct caused merchants to pay excessive fees for accepting Visa and Mastercard. Following litigation, the parties reached a settlement of approximately $5.6 billion.

For more information, you can visit https://www.paymentcardsettlement.com/en

How we help.

The claim filing process can often be time consuming and burdensome. We assist your organization by helping prepare all necessary documents to successfully file your claim. Simply register with us and we do all the heavy lifting for you to help maximize your recovery.