$5 Billion+ Dollar Visa/Mastercard Merchant Fee Settlement

Wednesday, March 02, 2022 6:03 PM By FPS


Financial Power Services (FPS) can streamline the filing process and secure recoveries from the "Visa/Mastercard Interchange Fee Class Action Settlement" [In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation | MDL No. 1720] ("Settlement").


This case claims that merchants overpaid the excessive interchange fees for accepting Visa and Mastercard, stemming from an alleged conspiracy among the Defendants. The Court granted final approval of this Settlement on December 13, 2019, and will establish a claims process whereby eligible merchants will be able to claim their share of the billions in settlement funds.


If your organization accepted Visa or Mastercard payments any time from January 1, 2004 to January 25, 2019, you may be eligible to recover significant funds from this Settlement. Although the claim forms are not yet available and the filing deadline for claim submission has not been announced, you can retain FPS now to ensure that a proper and timely claim is filed on behalf of your business.

If you would like to retain FPS for your settlement refund recovery on this case, click here to learn more about FPS Claim Management. Or, contact us for more information on this settlement and learn what FPS can do for you and your company.

For more information, contact Class Counsel or the Claims Administrator, or visit the court-approved website at https://paymentcardsettlement.com. You have the right to file a claim on your own behalf without need of a third-party service, and no-cost assistance is available from the Claims Administrator and Class Counsel during the claims-filing period. (At this time claim forms are not yet available.)

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