Pay Card Settlement

Did Your Business Accept Visa and/or Mastercard

Between 2004-2019?

You're Entitled to Your Share of a $5.5 Billion Settlement.

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USA Businesses Only

All Claims Must be Submitted by February 4, 2025.

You can still submit your claim if your business is no longer operating.

"After 14 years in business it made sense to apply for all the years we were getting overcharged. Looking forward to our $94K settlement!"

-Olivia, Restaurant Owner

Recently Approved Claims:

$34,720 - Church

$11,771 - Electrical Contractor

$21,182 - Property Inspector

$197,430 - Restaurant Group
$94,150 - Electrical Equipment

$2,719 - Pest Control

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What is this lawsuit about?

This litigation primarily concerns allegations surrounding interchange fees levied upon merchants who accepted Visa or Mastercard credit or debit cards from January 1, 2004, to January 25, 2019, as well as the networks' merchant rules and regulations governing the acceptance of such cards.

What is an interchange fee?

When a cardholder conducts a transaction using a credit or debit card, an interchange fee is incurred. This fee typically ranges from 1% to 2% of the transaction amount. Interchange fees constitute the largest component of the fees merchants pay for accepting Visa and Mastercard payments.

Visa and Mastercard establish and publish interchange fee rates for various transaction types on their respective websites, typically updating them semiannually.

Why is there a settlement?

The Court has not rendered a decision on the merits of the case or determined liability. Instead, following thirteen years of extensive litigation, the parties have reached a settlement agreement, avoiding the costs and uncertainties associated with trial and appellate proceedings.

This settlement is the culmination of rigorous negotiations, facilitated by two esteemed mediators selected by the parties. After reviewing over 60 million pages of documents and conducting more than 550 depositions, including fact and expert testimony, Class Plaintiffs and their counsel believe this agreement best serves the interests of all class members.

Prior to settling, the litigation had progressed significantly, with fully briefed and argued motions on dismissal, summary judgment, expert testimony exclusion, and class certification awaiting judicial decision.

Notwithstanding, the parties have elected to resolve this matter through settlement, enabling class members to receive payment.

The lawsuit states that merchants were subjected to excessive fees for accepting Visa and Mastercard due to antitrust law violations perpetrated by Visa, Mastercard, and their respective member banks, both individually and collectively.

Pursuant to the settlement agreement, a Rule 23(b)(3) Settlement Class has been established, comprising all individuals, businesses, and entities that accepted Visa-branded and/or Mastercard-branded cards in the United States between January 1, 2004, and January 25, 2019.

The following entities are excluded from the Settlement Class:

  • Plaintiffs who previously settled and dismissed their own lawsuits against defendants (Dismissed Plaintiffs) and related entities.

  • The United States government.

  • Named defendants, their directors, officers, and family members.

  • Financial institutions that issued Visa-branded or Mastercard-branded cards or acquired transactions during the specified period.

If you are not sure the above applies to you (it most likely does not), submit a claim anyway - a check will be done before claims are fully processed and paid.

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Disclaimers, Terms, & Privacy Policy: We do not rent or sell your information. You must be a resident of the USA and at least 18 years of age to view and use this site. This website is not owned or endorsed by Meta, Facebook, Google, or TikTok. If you have previously dismissed your claim you may no longer eligible. Claim forms may not yet available. Class members need not sign up for a third-party service in order to participate in any monetary relief and no-cost assistance will be available from the Class Administrator and Class Counsel during the claims-filing period. The court-approved website for additional information is paymentcardsettlement.com.