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If your business accepted Visa and MasterCard at any time since January 1, 2004, you may be eligible for a refund from the Payment Card Interchange Fee Settlement.

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About the Case

Visa Master Card Class Action Lawsuit

Visa Master Card Class Action Lawsuit

In re Payment Card Interchange Fee Antitrust Litigation alleges that Visa® and MasterCard® fixed interchange fees at anti-competitive levels in violation of US antitrust law. The Court has preliminarily approved a proposed settlement of a maximum of approximately $6.24 billion and a minimum of at least $5.54 billion in a class action lawsuit, called In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO).

The lawsuit is about claims that merchants paid excessive fees to accept Visa and MasterCard cards because Visa and MasterCard, individually, and together with their respective member banks, violated the antitrust laws.

All persons, businesses, and other entities that have accepted any Visa-Branded Cards and/or MasterCard-Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019, except that the Rule 23(b)(3) Settlement Class shall not include (a) the Dismissed Plaintiffs, (b) the United States government, (c) the named Defendants in this Action or their directors, officers, or members of their families, or (d) financial institutions that have issued Visa-Branded Cards or MasterCard-Branded Cards or acquired Visa-Branded Card transactions or MasterCard- Branded Card transactions at any time from January 1, 2004 to January 25, 2019.

Plaintiffs in the Rule 23(b)(3) Class (Money Damages Class) have reached a proposed settlement in this action. Materials reflecting this proposed settlement were filed September 18, 2018 with the Court.  No claim forms are available at this time, and no claim-filing deadline exists. If the settlement is approved, no-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period.  No one is required to sign up with any third-party service in order to participate in any settlement.  For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.

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What We Can Do For You

Lex Recovery Group is a leading outsource solution in class action recoveries. Our team has helped thousands of individuals and companies recover millions of dollars in refunds from dozens class action settlements.

We welcome the opportunity to assist you in recovering a refund from the this settlement. Oftentimes eligible parties fail to file a claim because they believe that the potential refund is not worth their effort or they are just too busy - so let us do the work for you. We only recover if you do.

Using Lex is easy - simply fill out the form below and we'll take it from there.

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As the filing deadline has passed, we are no longer accepting clients for this class action. If we are already handling your claim for this class action, we will keep you updated with any case updates. Please contact us directly at info@lexrecoverygroup.com if you have any additional questions concerning your claim.

Every year, dozens of cases are settled for millions of dollars. And every year, thousands of eligible parties fail to claim their fair share of these settlements. Don't miss out on the money you deserve.