A historic legal settlement could return thousands of dollars to American merchants who accepted Visa and Mastercard payments from 2004 to 2019. Eligible merchants can get $5.54 billion via Visa-Mastercard Class Action Settlement 2025 Payment Amount, one of the biggest financial recoveries in payment processing history.
A merchant may get a different amount depending on a type of criteria, such as the fees they were charged, the kinds of cards they used, and the overall number of claims submitted by the deadline. Based on the merchant’s total Visa/Mastercard transaction fees for the time period, the payment will be shared on Visa-Mastercard Class Action Settlement 2025 Payment Date.
Visa-Mastercard Class Action Settlement 2025
The Court granted final approval of the interchange fee settlement that Visa, Mastercard, and the Defendant Banks had formally negotiated on December 13, 2019. The billions in settlement payments will be available for qualifying merchants to claim when appeals are resolved and a claims process is set up. If you as a merchant accepted payments via these cards between January 1, 2004, and January 25, 2019, you could get a significant funds via this settlement.
On December 13, 2019, following years of delays, the Court finally approved this settlement and the deadline for filing claims was February 4, 2025, and the claim forms were available and mailed since December 2023. A number of groups have appealed the final approval order and after all appeals were settled, the claims process started in December 2023, and the deadline for submitting a claim was February 4, 2025.
Visa, Mastercard $5.5B Settlement 2025 Details
| Country | America |
| Company Names | Visa – Mastercard |
| Settlement amount | $5.5B |
| Claim Deadline | February 4, 2025 |
| Category | Class Action Settlements |
| Payment Date | Available soon |
| Claim website | www.paymentcardsettlement.com |
What is Visa-Mastercard Class Action Lawsuit 2025?
The Visa-Mastercard Class Action Settlement 2025 is the result of a significant lawsuit filed by American merchants who claimed that Visa and Mastercard had violated antitrust laws by imposing excessive “swipe fees,” often referred to as interchange fees, each time a customer used their card.
Merchants pay these fees to the banks that issue cards, and it is said that anti-competitive rules keep them unnecessarily high. After years of court proceedings, Visa and Mastercard reached a settlement without acknowledging any wrongdoing. In accordance with the agreement, the card networks and participating banks will contribute $5.54 billion to a fund, that will subsequently be disbursed to impacted merchants that make legitimate claims.
The goal of this lawsuit, that is among the biggest class action settlements in American history, is to compensate merchants for the excessive fees they were assessed during a 15-year period.
Visa, Mastercard $5.5B Settlement 2025 Eligibility Requirements
- You accepted Visa and Mastercard debit & credit card payments in America
- The card payments were accepted from January 1, 2004 to January 25, 2019.
Large companies are not the only merchants that qualify; small enterprises, independent stores, restaurants, online merchants, and service providers are all eligible provided they accepted Visa or Mastercard payments within the designated period.
However you cant submit a claim now but you could submit a claim even if your business is no longer in operation as long as you provide documentation of transactions or previous operations throughout the applicable time frame.
Visa, Mastercard $5.5B Settlement 2025 Payment Amount
Merchants that did not exempt themselves from this settlement will get a USD 5.54 billion settlement payment from the defendants Visa, Mastercard, and the Banks. Any merchant who filed a legitimate claim and was not excluded from the settlement class will get payment from the settlement fund.
In addition, the settlement amount will be used to cover taxes, Class Plaintiff amount, lawyer’s fees, and other fees and fees associated with settlement administration and notification, as determined by the court.
Payment Date and Latest Update
- Lawyers for the merchant claimants told a federal court in May 2025 that communication about problematic merchant claims resulting from a $5.5 billion settlement with Visa and Mastercard over card fees has decreased after merchants had until February to submit claims for compensation.
- Neither Epiq nor the claimant’s lawyers have stated when merchants might expect payment for their claims, so we have to wait for Visa, Mastercard $5.5B Settlement 2025 payment Date. It is advised by the class counsel to visit the official website of the settlement for any new update. Additionally, Epiq uses email to notify merchants and make requests.
Impact of this lawsuit
- Card network giants Visa and Mastercard were accused of overcharging businesses by imposing excessive interchange fees, also referred to as swipe fees, in a lengthy antitrust dispute that was partially settled by the $5.5 billion settlement.
- The $5.54 billion settlement fund is meant to compensate retailers for the alleged overcharges they made over the designated period. The size of the alleged financial impact on business across the country, from small local shop to major retail chains, is reflected in this huge amount.
- From 2004, until 2019, any American company that accepted these cards are included in the class and claim notice forms were distributed to around 18.6 million U.S. businesses, and the deadline for filing a claim was February 4.
| Official Website | Click Here |
| Homepage | DBRAU.org.in |
