Settlement Summary
The Payment Card Interchange Fee settlement resolves claims that Visa, MasterCard and more than a dozen of the nation's largest credit card issuers conspired to restrain competition by illegally charging higher interchange fees for credit card transactions.
Any merchant that accepted one or more of these debit or credit cards between January 1, 2004 and January 25, 2019 may be eligible to recover funds.
In August 2023, the settlement received final approval. This Settlement is a result of class action lawsuits filed in 2005 alleging Visa and MasterCard fixed, or inflated, the fees paid for processing credit and debit card payments, i.e., the interchange or "swipe" fees.
Proposed Terms of the Settlement:
The total settlement is valued at up to $5.54 billion.
The Payment Card Interchange Fee settlement resolves claims that Visa, MasterCard and more than a dozen of the nation's largest credit card issuers conspired to restrain competition by illegally charging higher interchange fees for credit card transactions.
Any merchant that accepted one or more of these debit or credit cards between January 1, 2004 and January 25, 2019 may be eligible to recover funds.
In August 2023, the settlement received final approval. This Settlement is a result of class action lawsuits filed in 2005 alleging Visa and MasterCard fixed, or inflated, the fees paid for processing credit and debit card payments, i.e., the interchange or "swipe" fees.
Proposed Terms of the Settlement:
The total settlement is valued at up to $5.54 billion.
Eligibility & Filing
Determining eligibility is not difficult. Disbursement is contingent on providing the settlement administrator complete and accurate filing information as defined by the settlement terms and conditions.
Manor Capital Recovery helps companies minimize the time, cost, and use of internal resources needed to file correctly. Our resources provide insight and experience with the filing process, allowing us to optimize claim valuations beyond the standard settlement estimates where it is possible.
ENROLL WITH MCR NOW
Determining eligibility is not difficult. Disbursement is contingent on providing the settlement administrator complete and accurate filing information as defined by the settlement terms and conditions.
Manor Capital Recovery helps companies minimize the time, cost, and use of internal resources needed to file correctly. Our resources provide insight and experience with the filing process, allowing us to optimize claim valuations beyond the standard settlement estimates where it is possible.
ENROLL WITH MCR NOW The settlement has now received final approval. Claim forms will begin to be delivered and available online in December. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. No one is required to sign up with any third-party service in order to participate in any monetary relief. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.
