Claim Your Share: Visa/Mastercard Settlement – $5.5 Billion Fund Available for Businesses

Claim Your Share: Visa/Mastercard Settlement – $5.5 Billion Fund Available for Businesses

In recent years, numerous business owners have grappled with escalating prices. Among these rising expenses are credit card interchange or swipe fees levied by major credit card companies when processing customer transactions. These fees, intended to cover payment processing costs, often have intricate structures, leading to confusion and potentially significant impacts on a company’s finances.

A significant development arose when Visa and Mastercard settled a lawsuit alleging that business owners had been subjected to exorbitant fees. This settlement allows business owners to seek reimbursement for their share of these excessive fees incurred between January 1, 2004, and January 25, 2019.

Do I qualify? 

This settlement impacts all individuals, businesses, and other entities that accepted Visa and Mastercard credit cards at any point during the period from January 1, 2004, to January 25, 2019.

About the Settlement

Claims will participate in a settlement fund totaling $5.54 billion, distributed pro rata based on all claims submitted. However, the actual amounts disbursed will only be determined once all claims are received and processed.

Submit Your Claim

Claimants must submit a valid and timely claim through the official website, All claims must be submitted by May 31, 2024. Claims submitted after this deadline will not be considered for the settlement. Since settlements are distributed pro rata, it may take considerable time for payments to be processed.

We Can Help! 

While you can navigate this process independently, Haynie & Company offers support. With the approaching deadline, our team can help you review and file claims for your business.

Do you require assistance with filing a Visa/Mastercard settlement claim?