REGISTER YOUR CLAIm

  • $5.5 BILLION CREDIT CARD SETTLEMENT

    If your business accepted Visa and/or Mastercard between 2004 – 2019, you're eligible to claim your share of this historic $5.5 billion Settlement. To begin the process of claiming the funds you deserve, fill out the form below before February 4, 2025.

    Updated August 8, 2024: The Court has granted a requested 180-day extension of the claims-filing deadline and extended the deadline from August 30, 2024 to Tuesday, February 4, 2025.

Summary Of The Visa/Mastercard Interchange Fee Lawsuit

This lawsuit addresses improper interchange fees charged to merchants that accepted Visa or Mastercard credit or debit cards between January 1, 2004 and January 25, 2019.

  • Merchants harmed by the interchange fees made the following allegations:

    • Visa and Mastercard, and their respective member banks, violated the law because they (i) set interchange fees, and (ii) imposed and enforced “rules” that limited merchants from steering their customers to other payment methods. Those rules include so-called no-surcharge rules, no-discounting rules, honor-all-cards rules, and certain other rules. Doing so insulated Visa and Mastercard from competitive pressure to lower the interchange fees.

    • Visa and Mastercard conspired together to implement some of the business practices challenged.

    • Visa and Mastercard, and their respective member banks, continued in the aforementioned activities despite the fact that Visa and Mastercard changed their corporate structures and became publicly owned corporations after the case was filed.

    • Visa and Mastercard, and their respective member banks, continued in the aforementioned activities despite the fact that Visa and Mastercard changed their corporate structures and became publicly owned corporations after the case was filed.

FAQs

  • We are a Wealth Group that helps small businesses, nonprofits, and religious institutions obtain tax credits and settlements. We have worked with dozens of organizations — restaurants and contractors, churches and synagogues, retail stores and grassroots nonprofits ensuring that your business receives every dollar it is entitled to. In collaboration with the legal team at Sagemont Services, we are here to advocate for individuals and organizations of all sizes without the upfront cost of pricey advisors.

  • Our team of legal experts, advisors, researchers and IT specialists is here to navigate the complexities of a class action settlement to get you every dollar you’re entitled to. While you have the option to file for the Visa Mastercard Settlement without our support, we’re here to provide you with the opportunity to stay focused on the work you are meant to be doing while we apply our expertise to maximize possible recovery for your business. We fully handle the administrative side of this process, and our process is streamlined and robust, requiring minimal effort on your part. Bottom line - on over 50% of claims filed the administrators of this settlement are showing a much lower number than what is actually due. Though they are there to answer questions for you, we are here to ADVOCATE for you and ensure the claim due to you is corrected for maximum payout.

  • We operate on a success fee basis. We only earn a fee if we successfully recover funds for you.

  • To begin, complete our Registration Form with information about your primary business location.

  • Yes – the last day to file is February 4, 2025 (it was extended from August 30, 2024). The sooner you fill out your registration form, the better.

  • No payments are expected to be made until after the end of the Claims Period on February 4, 2025. Because the pro rata cannot be determined until all Claims are filed and reviewed and until the Court approves the final amounts, we do not yet know when payments will be made.