Visa/Mastercard Interchange Fee Settlement
Visa/Mastercard Settlement FAQs
The Court-approved deadline to file claims passed on February 4, 2025. The Class Administrator is currently reviewing timely submissions. A timeline for distribution for valid and timely claims is not known at this time. To learn more, Check out the most frequently asked questions below or visit the Official Court-Authorized Settlement Website
What is the Visa/Mastercard, Payment Card Interchange Fee Settlement?
The Plaintiffs argue Visa and Mastercard violated antitrust regulations by imposing high interchange fees on merchants and enforcing regulations that restricted merchants from directing customers to alternative payment methods. Learn more on the Official Court-Authorized Settlement Website
What is the current status of the Payment Card Interchange Fee Settlement?
The Court-approved deadline to file claims passed on February 4, 2025. The Class Administrator is currently reviewing timely submissions. A timeline for distribution for valid and timely claims is not known at this time.
How do I file a claim?
The deadline to file claims passed on February 4th, 2025. Learn more on the Official Court-Authorized Settlement Website
How much money will I get?
The amount paid from the settlement will be based on the actual or estimated interchange fees attributed to Visa and Mastercard transactions between January 1, 2004 and January 25, 2019.
This settlement operates on a fixed fund basis. Those submitting claims may receive a fraction of their estimated interchange fee volume during the settlement period. Currently, there’s no way to accurately project how much money you could get back. Learn more here.
What is the Gravity Payments Recovery Service?
Our team provides end-to-end claims service with a contingent fee basis – if there is no recovery of funds, there is no fee. What we do:
- Acquire as much of the historical data applicable to the settlement
- Fill out all the necessary documentation
- Submit a comprehensive claim on your behalf
- Reconcile returns on your behalf
- Distribute net recoveries from the settlement funds back to you
Gravity’s Recovery Service Process
Submit a Inquiry Form
Gravity will reach out to you in 4 to 5 business days to kick-off the claims process.
Data Review
Gravity evaluates the data for your claim and review your options to ensure optimal payout.
Your Approval
Once your data is evaluated, Gravity will reach out and get your final approval.
Getting Paid
Once the claims period is over and award amounts have been determined, settlement funds will be deposited into your business account.
Gravity Payments Recovery Service Inquiry Period is Now Closed
Gravity is no longer accepting inquiries to utilize our Recovery Service. If you have questions or need to know the status of your claim or previous inquiry, please email [email protected].