Visa/Mastercard Class Action Settlement

Settlement: Merchants to be Refunded $5.54-6.64 Billion

Lawsuit: In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO)

In September 2018, a proposed settlement was reached in a lawsuit alleging Visa and Mastercard had overcharged merchants’ interchange fees, in violation of anti-trust laws.

As the settlement moves forward, merchants who accepted Visa or Mastercard payments between January 2004 and January 2019 are eligible to receive a portion of the settlement amount.

Any merchant who wishes to receive their portion of the settlement must opt-in once the opt-in window opens.

Verisave will be keeping a close watch on this situation as that window draws near, and will alert all clients to next steps.

Visit the Official Court-Authorized Settlement Website here.

 

Did you Accept Credit Card Payments Between January 2004 and January 2019?

Let's Calculate Your Portion of the Settlement

We will report back to you with:

  • How much of the refund you can expect
  • Whether your current Interchange fees are still being overcharged
  • The overall health of your merchant account
  • Any recommendations we have to optimize your rates outside of Interchange

To get started, upload a recent merchant account statement and answer a few initial questions below:

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