Class Members Eligible for Payment Card Interchange Fee Litigation:
The Payment Card Interchange Fee Litigation class consists of all persons, businesses, or other entities that accepted Visa Branded Cards and/or MasterCard Branded Cards in the United States at any time from January 1, 2004 to the present.
Definition of Payment Card Interchange Fee:
When a cardholder makes a purchase with a credit or debit card, there is an interchange fee attributable to those transactions, which is usually 1% to 2% of the purchase price. Interchange fees typically account for the greatest part of the fees paid by merchants for accepting Visa and MasterCard cards. Visa and MasterCard set interchange fee rates for different kinds of transactions and publish them on their websites, usually twice a year.
Additional Information on the Payment Card Litigation:
The Second Circuit Court of Appeals reversed approval of the settlement and returned the case to the District Court on June 30, 2016. Litigation is ongoing. No claim forms are available at this time, and no claim-filing deadline exists. If another settlement is reached, no-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.
Our Class Action Settlement Services:
CAC Recovery navigates the complex intricacies of the Payment Card Interchange Fee and Merchant Discount Antitrust Litigation claims filing process to help businesses maximize their recoveries.
Our class action settlement services include:
- Identifying class action claims where businesses may be eligible to file
- Filing the class action claim with supporting documentation
- Interacting with the class action Claims Administrator
- Providing updates on class action claim settlements status
- Resolving Claims Administrator questions on claims
- Reviewing the recovery to assure the correct compensation claims amount has been received
Our Guarantee: We Get Paid When You Recover – No hidden charges or up-front fees. We provide our class action settlements services based on a contingency fee.
Getting Started is easy! We’ll first have you fill out our ‘Get Started‘ form and a CAC representative will contact you within 24 hours to review your eligibility and walk you through the claims process.