Class Action Settlement Fund

Visa & MasterCard

If your business accepted Visa and/or Mastercard between 2004 – 2019, you’re now eligible to claim your share of a $5.5 billion Settlement.

The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws.

Settlement Filing with VeriFee

Recover Refunds & Reduce Costs

Unlock significant refunds from 2 historic credit card settlements and reduce ongoing expenses — all without changing your existing vendors, equipment, or software. VeriFee brings you a simple, data-driven approach to maximize refunds and minimize payment processing expenses.

Step 1: Recover Your Refunds from 2 Historic Settlements

If your business accepted credit card payments between 2004 and 2023, you may be eligible for refunds from major settlement agreements:

  • Visa/MasterCard Settlement: Valued between $5.54 billion – $6.24 billion, addressing overcharged interchange fees from 2004–2019.
  • Discover Settlement: Valued between $500 million – $1.09 billion, addressing misclassified credit card transactions from 2007–2023.

If your business accepted credit cards between 2004 and 2023 and hasn’t filed a claim, you could be leaving money on the table.

  • VeriFee handles the entire refund filing process on your behalf.
  • No paperwork, no disruptions, no hassle.
  • No upfront costs—VeriFee earns on a gain-share model when refunds are successfully secured.

The Settlement Administrator for the Visa & MasterCard settlement is currently accepting claim submissions. The claim filing deadline is February 4, 2025 and VeriFee must have all claims entered by January 31st, 2025.

Step 2: Achieve Ongoing Cost Savings Without Changing a Thing

While we recover refunds, VeriFee focuses on optimizing your ongoing credit card processing costs.

How VeriFee Reduces Costs:

  • Comprehensive Analysis: Find cost and liability reduction opportunities from interchange optimization to debit routing, to advanced contract analysis.
  • Negotiation: Utilizes property market intelligence and industry-experienced negotiators to secure lower fees and better contract terms.
  • Ongoing Monitoring: Proactive oversight to ensure fees stay optimized over time.

Why VeriFee?

  • No Changes Required: Keep your vendors, hardware, and systems intact.
  • Performance-Based Model: If you don’t save, we don’t earn.
  • Transparent, Ethical Service: No hidden agendas, just measurable results.

Claim forms are now being delivered and are also available online.  Class members need not sign up for a third-party service in order to participate in any monetary relief.  No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period.  For additional information, visit the Court-approved website www.paymentcardsettlement.com.

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