The Visa and Mastercard settlement addresses claims that these companies, together with their member banks, violated antitrust laws by setting excessive interchange fees. It provides compensation to merchants who accepted Visa or Mastercard payments from January 1, 2004, to January 25, 2019, as a result of these practices.

The amount you will receive from the settlement fund is based on your actual or estimated interchange fees from Visa and Mastercard transactions between January 1, 2004, and January 25, 2019. Your payment depends on several factors, including:

• The total funds available for distribution.
• The overall dollar value of all valid claims submitted.
• Costs associated with class administration, notice, and applicable taxes.
• Attorneys' fees and related expenses.
• Money awards granted to the Rule 23(b)(3) Class Plaintiffs for their role in representing merchants in MDL 1720.

You need to file a separate claim for each legal name and EIN/Tax ID number. There is no limit on the number of claims you can file, but only one claim can be filed per legal name and EIN. Use the same link and/or form on our website to submit additional claims.

Yes, a business that has closed may still be eligible to file a claim, provided it accepted Visa or Mastercard payments between January 1, 2004, and January 25, 2019.

If you don’t file a claim, you won’t receive any money from this settlement.

Your business's claim amount will be based on factors such as the volume of Visa and Mastercard transactions processed during the eligible period, as well as the terms outlined in the settlement. Generally, businesses with higher transaction volumes may receive a larger settlement award.

If you owned multiple eligible businesses, you need to file separate claims for each one. Each claim must be submitted individually.

If you purchased the business and established a new legal name and EIN, you should file your claim under your current legal name and EIN for the transactions you processed after the purchase. The previous owner is responsible for filing a claim for the transactions processed under their original legal name and EIN.

The deadline to submit your claim is February 4, 2025. Be sure to file your claim promptly to confirm your eligibility.

There is currently no specific date for when payments will be distributed. The claims administrator must first vet and audit all claims to ensure they are legitimate and accurate. We encourage businesses to remain patient as this process takes place.

No, we are a third party filer, we file the claim on your behalf. We charge a contingency for our service (please refer to contract). You can file your claim for free plus see more information on the claims origins and proceedings on the court appointed website www.paymentcardsettlement.com.