Have you heard on the news? Business owners who accepted Visa or MasterCard may be eligible to benefit from a $5B class action settlement. It’s the largest private antitrust class action settlement in U.S. history. About 12 million retailers are expected to receive a portion of the settlement. You may very well be one of them. Our Community Navigator Pilot Program helps merchants like yourself to get back the funding that righteously belongs to you.. Call us at 212-835-2485 for a free 1 on 1 consultation.
This historical $5B settlement is the result of antitrust cases. In 2005, retailers brought a case against Visa and MasterCard for allegedly trying to fix the high credit card processing fees while imposing rules that prevent customers from using alternative payment methods.
The case was settled in March 2023.
Any persons, businesses or other entities that accepted any Visa- and/or Mastercard-branded cards in the United States at any time from Jan.1, 2004 to Jan. 25, 2019 are eligible to receive a portion of the $5B settlement.
The filing opened on Dec.1, 2023 and will continue until May 31, 2024. Claim forms are being mailed out via USPS throughout January 2024..
Did you receive your claim form? Wondering what to do next? We can help. Here is a list of frequently asked questions. Have more questions after reading this? Feel free to contact our expert team as soon as possible for a free 1 on 1 consultation. Ask us anything!
Email - cnpp@uprocessing.com
Phone - 212-835-2485
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FAQ
Am I eligible?
Any individual, business, or entity who accepted Visa- and/or MasterCard-branded payments between Jan.1, 2004 to Jan. 25, 2019 is eligible to receive a portion of this settlement.
When’s the deadline?
The filing period is from Dec.1, 2023 to May 31, 2024.
What documents do I need to file?
Provide any processing statements you have from 2004 to 2019. If you do not have all of them, there's no need to panic, just submit as many as you can.
How much will I get in compensation?
The value of each claim is based on the actual or estimated interchange fees attributable to the merchant's Mastercard and Visa payment card transactions from Jan. 1, 2004, to Jan. 25, 2019.
When will I receive my compensation?
No payment is expected to be made before May 31, 2024.