The amount paid from the settlement fund will be based on your actual or estimated interchange fees attributable to Visa and Mastercard card transactions (between you and your customers) from January 1, 2004, through January 25, 2019.

The amount of money each Authorized Claimant will receive from the settlement fund depends on the money available to pay all claims, the total dollar value of all valid claims filed, the cost of class administration and notice, applicable taxes on the settlement fund and any other related tax expenses, attorneys’ fees and expenses, and money awards to the Rule 23(b)(3) Class Plaintiffs for their representation of merchants in MDL 1720, which culminated in the Class Settlement Agreement, all as approved by the Court.

No payments are expected to be made until after the end of the Claims Period on August 30, 2024. 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. 

You can fill out our form that you received from your associate to begin the process.  After you fill out this form, you will be presented with an Engagement Agreement, which gives our law firm authority and permission to submit this claim on your behalf.  This Engagement Agreement also states all the terms, fees, and other parameters for this engagement.  You can also contact the person who contacted you regarding this settlement for assistance.

Class members need not sign up for a third-party service to participate in any monetary relief and no-cost assistance will be provided from the Class Administrator and Class Counsel during the claims-filing period. For further information, please visit paymentcardsettlement.com

Yes, participating in the settlement does not affect your ability to accept Visa and Mastercard at your business. The settlement is a resolution of past alleged overcharges and does not impact future transactions.

Once your claim is submitted, it will be reviewed by the Class Administrator. You will be contacted if additional information is needed from you, or if there are any issues regarding your claim.  Accurate processing of claims may take some time. The legal counsel will work diligently to resolve any issues and expedite your claim acceptance.

Once your claim is accepted, the Class Administrator will indicate how much you were charged for interchange fees during this period.  The legal counsel will then prepare and submit your claim based on the amount you paid in interchange fees.  The amount you will receive will be different than this qualified amount.  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 the exact amount each business will receive. 

Our law firms before we combined were located on 46th street and 59th street.  When we became partners, we thought this was fitting for our new firm as a combination of two great firms.