Visa/MasterCard Class Action Settlement - What is this case all about?

If you accepted Visa or MasterCard between January 1, 2004, and January 24th, 2019, you are part of a class action lawsuit that resulted in an approximate $6+ billion dollar settlement. The official name of the class action lawsuit is Payment Card Interchange Fee and Merchant Discount Antitrust Litigation (MDL No. 1720).


  • UPDATE: On January 25, 2019, a Superseding and Amended Definitive Class Settlement Agreement was preliminarily  approved by the Court. Technically, this is a ‘new’ proposed $5.56–$6.26 billion dollar settlement to provide payments to  merchants who accepted Visa and MasterCard at any time from January 1, 2004 through January 24, 2019.

  • The terms of this proposed settlement modify, amend and supersede the Definitive Class Settlement Agreement in which approval was reversed and remanded by the Second Circuit Court of Appeals on June 30, 2016.

  • Next Step: We are waiting for the Courts to declare the claim form
    (enrollment) deadline as well as and to (concurrently) provide the
    official claim form details.
    Click the button below to get enrolled
    and to ensure you are notified and included in the settlement
    .


What does this mean for you?

  • The original court case was between a group of merchants (on one 
    ​hand) and Visa, MasterCard, and issuing banks (on the other hand) about
    ​ unfair practices related to interchange fees.

  • Interchange is the fee collected by banks every time a merchant accepts payment from a customer using a credit card. We don’t have to tell you how high the fees have gotten.

  • The lack of competition meant steadily rising fees and no alternatives. Finally, merchants fought back and sued.

  • Both parties originally agreed to settle for more than $7 billion dollars.  After some discussion and separate agreements, the Judge has preliminarily approved the allocation plan.


What are YOUR options?


  • Option 1: Do nothing and you will not receive your share of the settlement. Note: If you want to participate, you must register in this class action to receive compensation.

  • Option 2: File and calculate your own claim by working with the appointed settlement administrator.  For contact details, and more information on the no cost assistance, you can visit www.paymentcardsettlement.com. Claim forms are not yet available. Note: There is no necessity to file with a third-party provider - it is 100% your choice.

  • Option 3: Retain Brownstone Recovery to work on your behalf and help you recover your share of the settlement.  Our areas of expertise are interchange fees and class action settlements. We will focus on your claim while you focus on your business. Simply click the button below to schedule a 15-minute call to get the process going, or you can go to www.6billiondollarsettlement.com and click on the enroll button. Be sure to use Referral Code 'LINDA' to take advantage of the Unity Fi Solutions discount.


Brownstone Recovery Group’s expertise includes successfully handling the previous class action case  involving Visa and MasterCard. Visit our website for more information. If you are interested, simply provide your contact information at www.6billiondollarsettlement.com, and we will keep you up to date on the settlement progress and file your claim(s).

Brownstone Recovery
Brownstone Recovery

ATTENTION BUSINESS OWNERS


Did your business accept Visa &/or Mastercard between 
1 January 2004 - 24 January 2019?


If so then we have great news for you!

You could be part of an approximate 
$6+ Billion Dollar Settlement!

This means you could have $ money $ due to you!


To receive compensation, you must take action in order
to participate in this class action settlement.  
Click the button below.

You can fill out the paperwork yourself, or let us do it for you.


If you do nothing, then you’ll get no $$$. Let us help you recover your money.

Ken Staab, Director of Sales
Brownstone Recovery Group
​kstaab@brownstonerecovery.com

Brownstone Recovery
Brownstone Recovery

Linda Harrison, Sales Rep
Ultimate Business Systems
​Linda@EXCELinBIZ.com

​​ULTIMATE BUSINESS SYSTEMS

Contact Us Today!