Visa/MasterCard Class Action Settlement

If you accepted Visa or MasterCard at any point between January 1, 2004, and January 25, 2019, you are part of a class action lawsuit that resulted in a settlement of more than $5 billion.

What are your options?

OPTION 1

Do Nothing

Do nothing and do not receive your share of the settlement.

Note: If you want to participate, you must take action in this class action to receive compensation.

OPTION 2

Do It All Yourself

File your own claim by working with the official settlement administrator.

For more information, contact details and no-cost assistance, you can visit www.paymentcardsettlement.com.

Claim forms started mailing on December 1, 2023 and are also available on line.

The claim filing deadline is May 31, 2024.

OPTION 3

We Do It All For You

Retain Brownstone Recovery through CoCard to work on your behalf and help you recover your share of the settlement. For a 25% contingency fee, we will file your claim, represent you throughout the process and keep you informed.

We will focus on your claim while you focus on your business.

Click the “Brownstone Form” button below to get started.

Brownstone Recovery’s broad expertise includes successfully handling the previous Visa/MasterCard class action case. Visit our website for more information. If you are interested, simply provide your contact information - we will confirm your enrollment, keep you up to date on the settlement progress, and file your claim(s).

Disclaimer: Claim forms are being delivered and are available online beginning December 1, 2023. Class members need not sign up for a third-party service in order to participate in any monetary relief. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. Additional information regarding the litigation is available at http://www.paymentcardsettlement.com.

What is this case all about?

  • The court case was between a group of merchants (on one side) and Visa, MasterCard, and issuing banks (on the other side) about unfair practices related to interchange fees.

  • Interchange is the fee collected by banks every time a merchant accepts payment from a customer using a credit card. We don’t have to tell you how high the fees have gotten.

  • The lack of competition meant steadily rising fees and no alternatives. Finally, merchants fought back and sued.

  • Both parties originally agreed to settle for more than $5 billion dollars.

Current Status

  • As of December 1, 2023, the official claim form for the VISA/MasterCard Class Action Settlement is now available.

  • With the formal approval of the VISA/MasterCard Class Action Settlement in September 2023, the process of claiming your share of the settlement is materially progressing.

  • The current enrollment period is from December 1, 2023, to February 4, 2025.