Class Action Settlement
Visa / MasterCard Class Action Settlement Recovery
MerchantService.com has teamed with Brownstone Recovery to help merchants understand and participate in Payment Card Interchange Fee Settlement. If you want to know more, you’re in the right place.
What Is This Case All About?
A Court case was settled between a group of merchants and Visa, MasterCard, and issuing banks related to rising interchange fees. Merchants believed the fees rose unfairly. On December 13th, Judge Brodie of the U.S. District Court in Brooklyn, NY granted final approval of the Visa/MasterCard Interchange Fee Settlement. The terms of this proposed settlement modify and supersede the previous settlement that was remanded by the Second Circuit Court of Appeals in 2016. We are pleased to inform you that, 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 recovering a portion of the fees you may have paid from January 2004 to January 2019 is materially progressing. The current enrollment period has been extended and is now from December 1, 2023, to February 4, 2025.
So What Are Your Options?
Option 1: 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: File your own claim by working with the official settlement administrator. For more information, and contact details for no cost assistance, you can visit www.paymentcardsettlement.com. Claim forms are not yet available and there is no necessity to file with a third-party provider.
Option 3: Retain Brownstone Recovery to work on your behalf and help you recover your share of the settlement. Our areas of expertise are interchange fees and class action settlements. We will focus on your claim while you focus on your business. Simply fill out the following registration form below.
Disclaimer: You can file yourself without using a claims recovery service like Brownstone by going to www.paymentcardsettlement.com or calling 1-800-625-6440. 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 www.paymentcardsettlement.com, THE COURT-APPROVED WEBSITE FOR THIS CASE.
