The Visa/Mastercard Class Action Settlement claim filing deadline of May 31, 2024, has been extended to Aug. 30, 2024. You still have time to take advantage of the potential to recover money for your organization!
The good news? It’s not too late to participate. If you choose to use our selected partner, MCAG, Inc., the registration process takes less than 5 minutes to complete. Once registered, you can trust that MCAG’s experts will handle the claim filing on your behalf in exchange for a percentage of any recovery you are awarded.
What is the Visa/Mastercard Class Action Settlement?
A settlement has been reached in the long-standing class action court case alleging that merchants paid excessive interchange fees for accepting Visa and Mastercard payments from 2004 -2019 because of Visa, Mastercard and certain Bank Defendants conspiring together.
Am I eligible to participate?
You must have accepted Visa or Mastercard payments with Michigan Retailers Association or another payment provider between Jan. 1, 2004 and Jan. 25, 2019.
How do I receive compensation?
You must submit a claim, or have a claim submitted on your behalf, by the court’s deadline of August 30, 2024, to the Settlement Administrator to recover any potential funds from this settlement.
What if I’m already registered with MCAG?
Merchants who have already registered with MCAG will not have to submit claim forms because MCAG will handle the claims submission on their behalf.
How can Michigan Retailers Association help you?
While you can file your claim directly with the Settlement Administrator, Michigan Retailers Association has selected MCAG as our strategic partner to help our clients navigate this opportunity to ensure they get the maximum return from this settlement. MCAG will build your claim submission using your historical processing data supplied by its card processing partners, and work with the Settlement Administrator to ensure that a comprehensive claim is filed on your behalf in time to meet the claims filing deadline.
Payment Card Settlement Disclaimer: Claim forms have been mailed and have been available online since December 2023. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. No one is required to sign up with any third-party service in order to participate in any monetary relief. For additional information regarding the status of the settlement, visit the Court-approved website at www.paymentcardsettlement.com.
