For Merchants
For DevelopersImportant Information regarding the Visa & MasterCard Payment Card Settlement:
The deadline to submit your claim is May 31st, 2024.
Would you like 3rd party assistance with your claim?
If you prefer assistance with the filing process, you may choose to contact Brownstone Recovery Group, a trusted organization with extensive experience handling such settlements. You can fill out this form, follow the steps, and your information will be sent to Brownstone Recovery Group.
What is this about?
In short, this case is mainly about fees that merchants paid for accepting Visa or Mastercard from 2004 to 2019. Among other things, the lawsuit alleges that Visa and Mastercard violated the law by imposing rules restricting merchants from suggesting other payment methods, keeping fees high without competition. As part of the agreement, Visa, Mastercard, and the Issuing Bank Defendants will pay $5.54 billion to merchants in the Settlement Class. The amount you get depends on the fees you paid or estimated between January 1, 2004, and January 25, 2019, for Visa and Mastercard transactions.
Again, If you plan on submitting a claim, you must do so by May 31, 2024!
How to submit your claim:
- You can easily visit paymentcardsettlement.com
- Submit your claim before May 31, 2024
- If you need assistance, you may contact the Class Administrator directly or if you would like assistance from a 3rd party, fill out this form and you will be put in touch with Brownstone Recovery Group, who is a 3rd party vendor.
FAQs
If your business accepted Visa and/or Mastercard between 2004 – 2019, you are eligible to a share in the settlement.
If you previously signed up with a third party, consider touching base with them to confirm all is in order. The actual submission period began in December 2023, coinciding with the letters from the Class Administrator.
It’s the same case, however the settlement amounts and terms have changed. No actual claims were able to be submitted until now.
The Claim Filing Deadline is May 31, 2024.
For full details visit paymentcardsettlement.com