![]() Unfortunately, in large class action suits such as this one, the final amount an individual person receives is often quite low. The exact amount depends on how much you paid in interchange fees during the time period, and how many eligible claims there are. I took Visa and Mastercard at my business – How much will I get? If you do not file a claim, you will not receive any money from this settlement even if you accepted Visa and Mastercard during the time period noted above. ![]() You must file a claim in order to receive money from the settlement. Who is eligible to get money from the settlement?īusiness owners that accepted Visa and/or Mastercard at any point between 20 are eligible to file a claim. The lawsuit claims that if Visa and Mastercard had not engaged in that behavior, businesses would have paid lower interchange fees. That is, they were accused of putting rules into place that would prevent competition or incentive to lower interchange rates. Visa and Mastercard were sued for allegedly violating antitrust laws. ![]() The Court will weigh in on whether the settlement is fair and reasonable. Instead, all parties agree to Visa and Mastercard paying the amounts listed above to affected businesses. Under its terms, Visa and Mastercard will pay between $5.54 and $6.24 billion dollars to businesses that accepted Visa and Mastercard between 20.īy settling, the lawsuit will not go to trial. The settlement is the result of a class action lawsuit against Visa and Mastercard.
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