top of page
Payments Processing Interchange Fee
mcag_logo_notag.png

Payment Card Interchange Fee and Merchant Discount Settlement

1:05-md-01720 US District Court, Eastern District of New York

This summary is based on MCAG’s review of publicly available documents. The Court granted the settlement final approval on December 13, 2019. 

Registration is this easy...

21095 MCAG Registration_v4
Play Video

Overview

The Payment Card Interchange Fee and Merchant Discount Antitrust Litigation ("Settlement") claims that merchants paid excessive interchange fees for accepting Visa and MasterCard because of an alleged conspiracy among the Defendants. The Court granted final approval of this Settlement on December 13, 2019, and will establish a claims process whereby eligible merchants will be able to claim their share of the billions in settlement funds.  

 

What is Interchange?

Interchange is a fee paid by a merchant's bank (also known as the acquiring bank) to the cardholder's bank (the issuing bank) to compensate the issuing bank for a portion of the risks and costs it incurs.

 

Do You Qualify?

If your organization accepted Visa or MasterCard payments in the U.S. at any time from January 1, 2004, to January 25, 2019, you may be eligible to recover significant funds from this Settlement. Although the claim forms are not yet available and the filing deadline for claim submission has not been announced, you can engage MCAG now to ensure that a proper and timely claim is filed on behalf of your business.

We understand it can be frustrating trying to
manage your own settlements.

We know getting everything you deserve from class action settlements is hard work. At MCAG, Inc., we take revenue recovery seriously. Making sure you never miss an opportunity is our business! 

Fists in Solidarity
Settlement recovery

75,000+ clients

All types and sizes of organizations trust MCAG to help them navigate their class action settlement journey.

100+ partners

MCAG's strategic partnerships help you get the most for your claim with the least amount of effort.

$260+ Million

MCAG has helped our clients recover more than $260 million in revenue.

Register Today

icon-step-1.png
icon-step-2.png
icon-step-3.png

Fill out the form below

Receive your settlement

Rest easy

No hidden fees. MCAG doesn't get paid unless you get paid.

MCAG will gather the data and submit a claim on
your behalf.

We'll pay you once the court approves the distribution of settlement funds.

365d

24h

60m

60s

The Claim Filing Deadline is May 31, 2024

You must file before this coming deadline...

register

Registration Form

Complete our Registration Form using information corresponding to your headquarters/primary location. If you own more than one business and the businesses operate as separate entities, we suggest you complete a primary enrollment form for each business.

Payment Card Settlement Disclaimer: Claim forms will begin to be delivered and available online in December. 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 litigation, interested persons may visit http://www.paymentcardsettlement.com, the Court-approved website for this case.

bottom of page