Payment Card Settlement: $5.54 Billion
THIS CASE IS NOW ACTIVE!
AUGUST 2024 UPDATE
Big news for business owners! You've got a 180-day extension on that settlement deadline. Here's the deal:
Old Deadline: August 30, 2024
New Deadline: February 4, 2025
But don’t kick back just yet. Sure, you've got more time, but why wait? Get your claim filed ASAP!
How Do I Qualify? Check It Out👇!
What Happened?
Visa and Mastercard, and their member banks, allegedly forced you to pay excessive interchange fees and violated antitrust laws. This is a historic settlement, one that’s been in litigation for the last 13 years and is finally ready to payout to the millions of businesses affected. The Defendants deny they violated any law and has decided to settle the matter with a $5.54 Billion settlement.
Who’s Eligible
All persons, businesses, and other entities accepting Visa-Branded or Mastercard-Branded cards in the U.S. that were active between January 1, 2004 to January 25, 2019. Plus, you do not still have to be in business!
What Do I Need to File with Class Action Connection?
We’ve made this as simple as possible for you by creating a 1-step claim filing agreement so you can file & forget. Click the button at the top or the bottom of the page to get started!
In the agreement, you’ll need to provide CAC your basic personal contact info, company’s legal name, company’s tax identification number (“TIN”), and the authority to act on behalf of TIN. After filling out that information in our secure e-signature service, CAC will manage the rest of the claim filing process for you!
What Now?
File your claim with us today! The deadline to file was EXTENDED to February 4th, 2025 (from August 30th, 2024)!
Please Note: Whether it’s with CAC or on your own – submitting a claim form is the only way to receive payment. Please contact info@classactconnect.com for assistance in filing your Claim or if you have further questions.
Interested in Learning More?
Schedule a quick call to see if your company could qualify for a recovery payment from the $5.54 Billion settlement!
— THE FINE PRINT —
Disclaimer: You can file yourself without using a claims recovery service like Class Action Connection by visiting www.paymentcardsettlement.com or calling 1-800-625-6440. Claim forms are being delivered and are available online beginning December 1, 2023. 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 Action Connection can help file claims for you and address any questions and/or concerns along the way. Review this summary of this class action settlement and steps to take if you would like us to file for you.
What is the background on this Payment Card lawsuit? Why is there a Settlement?
The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws.
The Court has not ruled in favor of either Plaintiffs or the Defendant. Instead, both sides have agreed to a settlement. By agreeing to the Settlement, the parties avoid the costs and uncertainty of a trial, and if the Settlement is approved by the Court, Settlement Class Members who submit timely and valid claim forms will receive a Settlement Payment, as described in this Notice. Defendant denies all legal claims in this case. Plaintiffs and their lawyers think the proposed Settlement is best for everyone who is affected.
Who is eligible for this settlement?
All persons, businesses, and other entities that have accepted any Visa-Branded Cards and/or Mastercard-Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019 are eligible for this settlement.
Excluded from the Settlement Class are: (i) the Dismissed Plaintiffs, (ii) the United States government, (iii) the named Defendants in this Action or their directors, officers, or members of their families, or (iv) financial institutions that have issued Visa-Branded Cards or Mastercard-Branded Cards or acquired Visa-Branded Card transactions or Mastercard-Branded Card transactions at any time from January 1, 2004 to January 25, 2019.
How can I participate?
We’re ready to file your claim today. Click on any of the buttons on this page to get started reclaiming what’s yours! Note that we safeguard your personal information and only use it to verify eligibility and to process payments once the settlement is paid out.
The deadline for submitting this Claim Form is February 4, 2025 at 11:59:59 P.M. PT.
How much money will I receive?
Settlement Class Members who timely file with an Approved Claim will receive a settlement payment equal to a pro rata share of the $5.54 Billion Settlement Fund that pays for:
All Settlement Payments
All Settlement Administration Expenses
All Taxes and Tax Expenses
Any Service Awards to the Class Representatives, and
Any Fee Award to Class Counsel.
The Class Administrator has data from Defendants and others and intends to utilize it to estimate the total value of interchange fees attributable to each Authorized Claimant during the settlement period, where available. Where that data isn’t reasonably available, or the data is disputed by the class member, the class member is required to submit additional information to support their claim. This split is determined on all merchants’ pro rata share of the Settlement fund, no payments are expected to be made until after the end of the claims period of May 31, 2024.
We’re here to help you and are ready to assist in tracking down the necessary information needed to maximize your recovery.
How do I pay CAC for their services?
There is no risk when you file through Class Action Connection – we do not charge any upfront fees for our services. When the Claims Administrator distributes settlement funds, we simply deduct a recovery fee of 20% from the settlement payment. This allows us to continue filing for more claimants in additional cases and continue spreading the good word. We appreciate your support!
Do I need to file my claim with Class Action Connection?
No, you can always file a claim on your own. If you are a Settlement Class Member, you must complete and submit a valid Claim Form in order to receive a payment. You may request a Claim Form by calling the Settlement Administrator toll free at 1-800-625-6440, visiting www.paymentcardsettlement.com or emailing info@PaymentCardSettlement.com. To be valid, a Claim Form must be completed fully and accurately signed under penalty of perjury and timely submitted
You may submit a Claim Form by U.S. mail or file a Claim Form on the Settlement Website. If you send in a Claim Form by U.S. mail, it must be postmarked no later than February 4, 2025. If you file a Claim Form on the Settlement Website, then you must do so by February 4, 2025.
Hurry, the Deadline is Fast Approaching!
Still don’t know where to start? We’re here to help. Click the link below and let us file for you!
