$6 Billion is Available to Businesses That Accepted Visa or MasterCard.

  • If your business accepted Visa or MasterCard at anytime since 2004, there is $6B in cash available for you. Let us help you recover your full share.”
    JJ Thomas, Esq. – CEO
    Class Action Capital

  • Class Action Capital collaborates with businesses to recover money for our clients from class action settlements. We maximize their financial recovery while minimizing their time, cost and risk.

     

  • What are the most important terms of the Swipe Fee Settlement with Visa & MasterCard?

    November 22

    What are the most important terms of the credit card related settlement with Visa and MasterCard? The preliminary terms of the settlement are:     Businesses will receive approximately $6.05 billion in cash benefits.     Businesses will receive approximately $1.2 billion in reduced interchange, or swipe, fees from a 10-basis point reduction of these fees over ... more

  • How much is your Swipe Fee Settlement Claim?

    November 20

    How is the financial value of my Claim calculated? The Claims Administrator, a third-party company hired to administer the settlement on behalf of the attorneys and the Court, will determine, based on their data provided to them by the Defendants and any data you provide, how much in interchange, or “swipe”, fees your business paid ... more

  • Visa and MasterCard Settle Swipe Fee Class Action Lawsuits

    July 14

    On Friday, July 13, 2012, Visa, MasterCard and various large card issuing banks, e.g., JP Morgan Chase, Bank of America and Wells Fargo, agreed to settle the “swipe fee” class action lawsuits filed in 2005. The terms of the Settlement are not finalized, but the preliminary terms are $6 Billion in cash available to businesses ... more

  • This Settlement is a result of class action lawsuits filed in 2005 alleging Visa and Mastercard fixed, or inflated, the fees paid for processing credit and debit card payments, i.e., the interchange or "swipe" fees.
  • The Settlement applies to any businesses or other entities that accepted Visa or Mastercard debit and/or credit card payments. The time frame where payments had to be accepted in order to qualify is anytime between January, 2004 and the present. A business/entity did not need to accept Visa/Mastercard payments the entire time, but, rather, just at any point during that span of time.

  • Generally speaking, the recovery amount will be determined based on 1) the amount of time applicable payments were received; 2) the type of debit/credit transactions; and 3) the overall volume of payments received.
  • The cash portion of the Settlement available to those businesses or entities that file qualifying Claims is approximately $6 Billion.
  • Please visit our Settlement page for more information...

  • Who Can Recover Money From This Settlement?

  • Restaurants

    Retailers

    Doctors Offices

    Ecommerce Companies

    Coffee Shops

    Department Stores

    Bars/Clubs

    Auto Service/Repair

    Gas Stations/Convenience Stores

    Grocery Stores

    Pharmacies

    Beer/Wine/Liquor Stores

    Furniture Stores

    Jewelry Stores

    Hotels and Motels

    Concert Venues/Sports Arenas

    Golf Courses

    Charities

    Local Governments

    Universities

    Hospitals

    etc...