PAYMENT CARD INTERCHANGE FEE SETTLEMENT
Payment Card Antitrust Litigation $5.54 Billion
This settlement resolves allegations that VISA, MasterCard and their issuing banks violated the law by charging excessive interchange fees to merchants. The settlement received final approval on December 13, 2019 and the settlement fund is approximately $5.54 billion. Your organization is likely eligible for a refund if you accepted VISA or MasterCard branded credit or debit cards as a form of payment between January 1, 2004 – January 25, 2019.
Claim forms are available beginning December 1, 2023, when they will be delivered and available online. Class members need not sign up for a third-party service in order to participate in any monetary relief. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. Class members may visit www.paymentcardsettlement.com, the Court-approved website for this case for additional information. The claim filing deadline is May 31, 2024.