Interchange Settlement

This Case is Active and Filing Claims

US-based businesses that accepted Visa- and Mastercard-branded card payments between January 1, 2004 and January 25, 2019, were allegedly forced to pay excessive interchange fees, which violated antitrust laws.

Your company could be eligible for a share of the $5.54 Billion settlement.

About the Settlement

After more than thirteen years of litigation this lawsuit has finally settled for $5.54 Billion. This lawsuit alleged that Visa and Mastercard – individually, and together with their respective member banks – colluded to maintain and inflate interchange fees paid by US-based merchants, violating antitrust laws.

The deadline to file a claim for this settlement is May 31st, 2024

How Can I Qualify?

Any persons, businesses, and other entities accepting Visa or Mastercard branded debit or credit card payments, operating in the U.S. between January 1, 2004 and January 25, 2019 – you may qualify! Your company does not still have to be in business (i.e., bankrupt, sold, and closed businesses still qualify)!

You do not qualify for the settlement if you are a dismissed plaintiff, the US government, a named Defendant or their directors, officers, or members of their families, or a financial institution that has issued or acquired Visa- and Mastercard-branded cards or transactions.

About Class Action Connection

Next Stage Payments has partnered with Class Action Connection, a class action notification, education, and third-party, full-service claim filing platform, to help you reclaim what’s owed to you.

Class Action Connection notifies individuals and businesses about worthwhile settlement claims, providing educational content to help demystify the class action process, and helping manage the entire claim filing process. This is a risk free process – CAC doesn’t charge any upfront fees, but rather deducts a recovery fee from the settlement payment, ensuring you are positioned for success.

Do I Have To File a Claim with CAC & NSP? 

Class Action Connection can help file claims for you and address any questions and/or concerns along the way. You can file yourself without using a claims recovery service like Class Action Connection by visiting or calling 1-800-625-6440. Claim forms are being delivered and are available online beginning December 1, 2023. Class members need not sign up for a third-party service in order to participate in any monetary relief. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period.

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