Claim Your Share of the $5.54 Billion Visa/Mastercard Settlement
The Settlement
The $5.54 billion settlement is part of a long-standing class-action lawsuit against Visa and Mastercard. The lawsuit accused the credit card giants of imposing unfair fees on merchants, specifically swipe fees, which merchants have argued were excessively high and not transparent.
The litigation began in 2005, initiated by merchants who claimed that Visa and Mastercard, along with several banks, colluded to set fees and rules for credit card transactions that were anti-competitive and violated antitrust laws.
After years of legal battles and a previous settlement that was overturned on appeal, this $5.54 billion settlement is seen as a significant resolution
Key Settlement Information
Settlement Fund
$5.54 Billion
Settlement Period
Jan 1, 2004 - Jan 25, 2019
Claim Filing Deadline
February 4, 2025
Current Status
Claims Filing Has Begun
No Upfront Fee!
We work on a contingency basis, meaning you don’t pay unless we recover compensation for you. The card settlement fee is a flat percentage of the gross amount awarded, which is only due when your compensation is collected.
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. File a claim now to see if you qualify.
The Visa and Mastercard settlement is an agreement to address claims that these companies engaged in unfair practices with debit & credit card transactions, like setting high fees and limiting competition. The goal of the settlement is to offer compensation to merchants who were affected by these practices.
Fill out the form on our website, and as soon as 3-5 days, up to two weeks you will be able to see your claim status.
Class members need not sign up for a third-party service to participate in any monetary relief and no-cost assistance will be provided from the Class Administrator and Class Counsel during the claims-filing period. For further information, please visit paymentcardsettlement.com
The official settlement site can be found here: https://www.paymentcardsettlement.com/en/Document
The amount of your business award will be determined based on several factors, including the volume of Visa and Mastercard transactions your business processed during the eligible period and the specific details of the settlement. The more transactions you had, the higher your potential award might be.
The amount paid from the settlement fund will be based on your actual or estimated interchange fees attributable to Visa and Mastercard card transactions (between you and your customers) from January 1, 2004, through January 25, 2019. The amount of money each Authorized Claimant will receive from the settlement fund depends on the money available to pay all claims, the total dollar value of all valid claims filed, the cost of class administration and notice, applicable taxes on the settlement fund and any other related tax expenses, attorneys’ fees and expenses, and money awards to the Rule 23(b)(3) Class Plaintiffs for their representation of merchants in MDL 1720, which culminated in the Class Settlement Agreement, all as approved by the Court.
The deadline to file a claim is February 4, 2025. File a claim now to see if you qualify.
You should consult with a tax professional, as settlement payments may be considered taxable income.
You can file claims for each eligible business, but each claim must be filed separately.
No, this is a legitimate settlement approved by the courts. See the court documents here and feel free to Contact Us with any questions.
If you have more questions, please contact us by using the form on this page, or you can email us at support@reclaimcardfees.com
Frequently Asked Questions, Answered
Visa / Mastercard Class Action Settlement
Get in touch
Contact Us Today
You can reach us using the following contact details
Phone: (307) 203-3174
Email: support@reclaimcardfees.com
Make sure to enter the legal name of your business entity and check the spelling carefully, as this information will appear on all documents.
Complete The Intake Form
Our unique system allows you to immediately sign the documents once the intake form has been completed. You will also receive a link to the pdf to your email.
Sign Documents
Once your documents have been signed, they will be submitted. You will receive email updates on the status of your claim.
Case Submison/Review
How To Submit Your Claim for the Settlement
To start the process for claiming your portion of the Visa Mastercard settlement, please complete the intake form.
Ensure that the legal name of your business entity is accurately entered, as this information will appear on all documents.
Disclaimer: Please note that your taxpayer identification number (TIN) will be requested on the initial intake form because it will be required later in the Authority to Represent document. Additionally, ensure that the person signing the documents has the appropriate signing authority for the business. Junior titles may cause delays and necessitate re-signing of documents.