Settlement Recovery Information

Settlement Recovery Important Notes & Updates

Final Approval
On December 13, 2013, the Court granted final approval. Class Members are not required to take any action at this time.  For more information about the settlement, please visit http://www.paymentcardsettlement.com.  This site will provide further updates once the Court approves a Claim Form and determines when the Claim Form needs to be sent to Class Members.

In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation Quick Facts:

  • The settlement proposes to end litigation in the case and covers U. S. merchants that accepted Visa and MasterCard purchases between January 1, 2004 and November 28, 2012. 
  • Originally set at $7.25 Billion in relief for merchants, the amount has been reduced after a group of large merchants opted out of the fund in May.  However the settlement still totals nearly $6 billion for merchants, before legal and administrative expenses are withdrawn.
  • Merchants can file a basic claim on their own and receive a cash award based on an estimate of their sales and fee volume for a nine-year period.
  • An estimate will be provided by the Settlement Administrator based on data they have accumulated from VISA and other sources.

No-cost assistance with claims filing will be available from the Court-appointed Class Administrator and from Class Counsel. 

Merchants wanting help will need to opt-in to a Settlement Recovery Service to authorize a claim be filed on their behalf.  Merchants will NOT be automatically enrolled with a Settlement Reccovery Service to file a claim.