Time-Sensitive: Visa/Mastercard Class Action Lawsuit

An overview of a class-action settlement involving Visa and Mastercard concerning interchange fees. Businesses that accepted these payment methods between January 1, 2004, and January 25, 2019, may be eligible to claim settlement funds before the February 4, 2025 deadline.

Revo

1 MIN READ

Time-Sensitive: Visa/Mastercard Class Action Lawsuit

An important opportunity may benefit your business. A significant settlement has been reached in a class-action lawsuit involving Visa and Mastercard, addressing "interchange fees charged to merchants." If your business accepted Visa or Mastercard payments between January 1, 2004, and January 25, 2019, you may be eligible to claim a portion of this settlement.

Key Details

Settlement Overview: The lawsuit alleged anticompetitive practices that inflated interchange fees. The defendants agreed to settle these claims.
Eligibility: U.S. businesses that accepted Visa or Mastercard credit or debit card payments during the specified period are generally eligible.
Claim Deadline: "The deadline to submit a claim is February 4, 2025" (extended from August 30, 2024).
How to File: Submit claims at https://www.paymentcardsettlement.com/en

Next Steps

Review your business eligibility, gather documentation of payment acceptance, and complete the claim form through the official website before the deadline.