$5.5 Billion Visa Mastercard Fees Class Action Settlement

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Settlement Status: Processing Claims

Visa MasterCard Settlement Update - June 2025

The deadline to file claims was February 4, 2025, and has now passed. The Class Administrator is currently reviewing all timely submitted claims. Please monitor your email for updates and ensure that messages from paymentcardsettlement.com are not marked as spam by adding the domain to your email whitelist.

You can check your claim status at any time by logging into the Merchant Portal. Click the “Merchant Portal” button and enter your username and password. Once logged in, you can view your Authorization Status and Claim Status on the Account Summary page. Any upcoming deadlines will be updated here on OpenClassActions.com.

At this time, there is no set timeline for the distribution of funds for valid claims. Updates will be posted on this website as soon as more information is available. Please note that the call center and email support teams do not have any details beyond what is provided on the website. We recommend checking the site periodically for the latest updates.

What is Visa and MasterCard Settlement About?

A record-breaking $5.54 Billion Class Action Settlement has been agreed upon with Visa and Mastercard over allegations that they violated antitrust laws by imposing anti-competitive price fixing rules and fees on businesses.

The class action lawsuit against Visa and Mastercard, alongside dozens of banks (such as Bank of America, Capital One, Citi, and others) alleged that businesses that accepted credit or debit cards from January 1, 2004 through January 25, 2019 violated certain laws regarding a specific type of transaction cost known as the “interchange” fee. The class action lawsuit claimed, on behalf of these participating merchants, that:

• Visa and Mastercard conspired together to impose unfair and allegedly unlawful business practices

• They allegedly violated anti-competitive trade laws by enforcing rules that made it difficult for merchants to steer their customers to alternative payment methods.

• Visa and Mastercard conspired together to price-fix certain costs, such as “interchange” fees.

• Even after Visa and Mastercard changed how they operate, businesses claim that they continued these unfair practices.

What is an Interchange Fee?

When a cardholder makes a purchase with a credit or debit card, there is an “interchange” fee attributable to those transactions, which is usually a small percentage of the purchase price. Interchange fees typically account for the greatest part of the fees paid by businesses for accepting Visa and Mastercard cards.

Do I Qualify for Payout?

Every individual, company, and other entities that have accepted any Visa-Branded Cards and/or Mastercard-Branded Cards in the United States from January 1, 2004 through January 25, 2019.

How Much Can I Get Paid?

The amount paid from the settlement fund will be determined by the interchange fees you actually paid or estimated for Visa and Mastercard transactions.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How do I file a claim?

Final approval for the settlement was granted by the court on December 13, 2019. Claim Form IDs began mailing and emailing to all known Class Members on December 1, 2023, and will continue to be mailed/emailed on a rolling basis. You must submit a claim form online or by mail by 11:59 pm PST on February 4, 2025 in order to be reimbursed. You can scan the QR code provided on the Claim Form you received and use the secure website credentials provided on your claim form to file your claim.

Please note that if you do not receive a claim form by the middle of January and/or are not sure whether you are part of this settlement, contact the Class Administrator:

Call the toll-free number: 1-800-625-6440

Email: info@PaymentCardSettlement.com

Write to:
Payment Card Interchange Fee Settlement,
P.O. Box 2530,
Portland, OR 97208-2530

Claim Form Website: PaymentCardSettlement.com

Submit Claim Here

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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