The settlement resolves allegations that Visa and Mastercard colluded to set and maintain interchange fees, also known as swipe fees, at artificially high levels. It covers a class period from January 1, 2004, to January 25, 2019. The total settlement fund is $5.54 billion, from which eligible businesses can claim a portion of the fees they paid during this period.

You are eligible if your business accepted Visa or Mastercard payments in the United States at any point between January 1, 2004, and January 25, 2019. Nearly 18 million businesses that accepted these payments during the eligible period are considered class members and are eligible to file a claim.

The final deadline to file a claim is May 31, 2024. It is crucial to file your claim by this date to ensure you can participate in the settlement and receive your share of the funds.

If you prefer not to wait for the final distribution of the settlement funds, which could take several years, you have the option to sell your claim for an immediate cash payout. By choosing this option, you can receive funds quickly without the uncertainty and delay of the final settlement process. Contact us to discuss the immediate purchase of your claim.

The value of your claim is determined based on several factors:

1. Total Interchange Fees Paid: The total amount of interchange fees your business paid during the class period.
2. Total Sales Volume: Your total sales volume associated with Visa and Mastercard transactions during the class period.
3. Claim Participation Rate: The overall participation rate of all claimants, which affects the pro-rata distribution of the settlement fund.

The claim’s value is initially estimated using the data provided in the notices sent to class members, which includes transaction counts and interchange fees paid. If you believe the provided data is incorrect or incomplete, it can be adjusted to more accurately reflect your historical transactions.