We want to inform you about an important opportunity that may benefit your business. A significant settlement has been reached in a class-action lawsuit involving Visa and Mastercard, concerning interchange fees charged to merchants. If your business accepted Visa or Mastercard payments between January 1, 2004, and January 25, 2019, you may be eligible to claim a portion of this settlement.
Key Details:
- Settlement Overview: The lawsuit alleged that Visa and Mastercard, along with certain banks, engaged in anticompetitive practices, inflating interchange fees for merchants. The defendants have agreed to a settlement to resolve these claims.
- Eligibility: Businesses that accepted Visa or Mastercard credit or debit card payments in the United States during the specified period are generally eligible to file a claim.
- Claim Deadline: The deadline to submit a claim is fast approaching. It is crucial to file your claim by February 4, 2025 (extended from August 30, 2024) to ensure your participation in the settlement.
- How to File a Claim: To submit a claim, visit the official settlement website at https://www.paymentcardsettlement.com/en. The site provides detailed instructions and the necessary forms to complete your claim.
Next Steps:
- Review Eligibility: Assess whether your business accepted Visa or Mastercard payments during the specified period.
- Gather Documentation: Collect any relevant records that demonstrate your acceptance of these payment methods, such as merchant statements or transaction records.
- Submit Claim: Complete and submit the claim form through the official settlement website before the deadline.
We encourage you to act promptly to take advantage of this opportunity. If you have any questions, please do not hesitate to contact us.
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