Visa/MasterCard Class Action Settlement Assistance
December 12, 2019
Claim Your Funds in the Visa/MasterCard Class Action Settlement
Paytech Trust has teamed with Brownstone Recovery to help merchants understand and participate in Payment Card Interchange Fee Settlement. If you want to know more, you’re in the right place.
What Is This Case All About?
A Court case was settled between a group of merchants and Visa, MasterCard, and issuing banks related to rising interchange fees. Merchants believed the fees rose unfairly. On January 24, 2019, the Court preliminary approved a proposed settlement of $5.54 – $6.24 billion. There will be a fairness hearing on November 7, 2019, where the Court will decide whether to file final approval to the preliminary settlement.
So What Are Your Options?
Option 1 – Do nothing and not receive your cash entitlement.
Option 2 – File your own claim by working with the official settlement administrator. For more information, and contact details for no cost assistance, you can visit www.paymentcardsettlement.com. Claim forms are not yet available.
Option 3 – Contact Paytech Trust to get you setup so we can work on your behalf and help you recover your share of the settlement. Their areas of expertise are interchange fees and class action settlements. Their fee is a percentage of any funds recovered. There is no upfront cost and they only get paid if you get paid.
“No claim forms are available at this time, and no claim-filing deadline exists. If another settlement is reached, no-cost assistance will be available from the Class Administrator and Class Counsel during any claims filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.”