If your business accepted Visa and MasterCard at any time since January 1, 2004, you may be eligible for a refund from the Payment Card Interchange Fee Settlement.
In re Payment Card Interchange Fee Antitrust Litigation alleges that Visa® and MasterCard® fixed interchange fees at anti-competitive levels in violation of US antitrust law. The Court has preliminarily approved a proposed settlement of a maximum of approximately $6.24 billion and a minimum of at least $5.54 billion in a class action lawsuit, called In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO).
The lawsuit is about claims that merchants paid excessive fees to accept Visa and MasterCard cards because Visa and MasterCard, individually, and together with their respective member banks, violated the antitrust laws.
All persons, businesses, and other entities that have accepted any Visa-Branded Cards and/or MasterCard-Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019, except that the Rule 23(b)(3) Settlement Class shall not include (a) the Dismissed Plaintiffs, (b) the United States government, (c) the named Defendants in this Action or their directors, officers, or members of their families, or (d) financial institutions that have issued Visa-Branded Cards or MasterCard-Branded Cards or acquired Visa-Branded Card transactions or MasterCard- Branded Card transactions at any time from January 1, 2004 to January 25, 2019.
Plaintiffs in the Rule 23(b)(3) Class (Money Damages Class) have settled this action. The deadline to file claims has elapsed. No-cost assistance will be available from the Class Administrator and Class Counsel regarding the settlement. Additional information is available at the Court-approved website, www.paymentcardsettlement.com. Call 612-491-6201 or email info@vmcclaim.com to reach VMC Group.
VMC Group, LLC is a leading provider of class action claims filing services. VMC is comprised of industry leading experts in third party claims filing. The executive team possesses a wide array of expertise and over 55 combined years of experience. They have worked in numerous phases of the class action and mass tort arenas.
We will review your claim to see if you are eligible to participate in the settlement. If so, we will handle every aspect of the claims filing process so you can focus on your business.
VMC group will handle and aid in all steps necessary for any claim you may ultimately make. There is no upfront cost or fee for our services, we only are paid a percentage of the recovery if you receive funds.
Our team of claims consultants have years of experience with claims. From “mom and pop” shops to Fortune 1000 companies, our clients have trusted us for dozens of settlements and retained our experts to assist in recovering their settlement funds.
VMC Group has one goal — provide clients with transparent and open communications from day one. VMC will act as your representative in this or any other class action matter. Our expertise and experience might be what you are seeking.
Please complete this form to the best of your ability. Complete and accurate information will improve our ability to locate and identify your transaction history with VISA & MasterCard. Upload any files such as Merchant Processing Statements, Form 1099-Ks, Annual Revenues, Excel files, etc. You can also email them to info@vmcclaim.com. Contact us at 612-491-6201 with any questions or concerns.