Businesses that accepted Visa and/or Mastercard credit or debit cards in the United States between January 1, 2004, and January 25, 2019, may be eligible to participate in the settlement.

The amount paid from the settlement fund will be based on your actual or estimated interchange fees attributable to Visa and Mastercard card transactions (between you and your customers) from January 1, 2004, through January 25, 2019.

The amount of money each Authorized Claimant will receive from the settlement fund depends on the money available to pay all claims, the total dollar value of all valid claims filed, the cost of class administration and notice, applicable taxes on the settlement fund and any other related tax expenses, attorneys’ fees and expenses, and money awards to the Rule 23(b)(3) Class Plaintiffs for their representation of merchants in MDL 1720, which culminated in the Class Settlement Agreement, all as approved by the Court.

No payments are expected to be made until after the end of the Claims Period on August 30, 2024. Because the pro rata cannot be determined until all Claims are filed and reviewed and until the Court approves the final amounts, we do not yet know when payments will be made. The class administrators have said they expect to spend 60 days after August 30, 2024, to organize who will get paid and how much.  Once this is completed, payments will flow out to the law firms representing clients.

You can fill out the form on this page to begin the process.  After you fill out the form, you will be presented with an Engagement Agreement, which gives the law firm authority and permission to submit this claim on your behalf.  This Engagement Agreement also states all the terms, fees, and other paramaters for this engagement.  You can also contact the person who reached out to you regarding this settlement for assistance.  

The deadline is August 30, 2024.  After this date, no more applications will be accepted.

No documentation is necessary.  Only the fields on this form above are required.  All information about your claim can be researched and determined by using your EIN number.  If there are multiple EIN numbers for your business, or if you have multiple businesses you would like to enter into a claim, please fill out this form once for each new EIN number.

Even if you sold your business, if you accepted credit cards as a form of payment from 2004 -2019, you can still submit the claim and be included to receive settlement funds.

There are no upfront fees for submitting your claim.  The law firm will take a percentage of the settlement amount as payment for representing you, performing the research, filling out and filing all of the legal forms, and fighting for the maximum amount owed to you for this claim.  The law firm is incentivized, on your behalf, to do everything possible to help maximize your compensation.

Yes, participating in the settlement does not affect your ability to accept Visa and Mastercard at your business. The settlement is a resolution of past alleged overcharges and does not impact future transactions.

Don’t worry, just because someone else filed a claim for your business before you had a chance to do so does not mean that you can’t file your own claim. Claim conflicts will be reviewed and resolved as they arise, and filers may be asked to provide additional documentation to show they had the right to file that claim. Once a conflict is resolved the filers will be notified about the decisions that were made.

Once your Claim is submitted, it will be reviewed by the Class Administrator. You will be contacted if additional information is needed from you, or if there are any issues regarding your claim.  Accurate processing of claims may take some time. The legal council will work diligently to resolve any issues and expedite your claim acceptance.

Once your claim is accepted, the Class Administrator will indicate how much you are qualified to receive.  The legal council will then prepare and submit your claim based on the full amount you are qualified to receive.  The amount you will receive may be different than this qualified amount.  Because the pro rata cannot be determined until all Claims are filed and reviewed and until the Court approves the final amounts, we do not yet know the exact amount each business will receive.