How to Take Action

How It Works: Filing Your Claim and Our Representation

As a business affected by excessive fees from Visa and Mastercard, you may be eligible for compensation from the Payment Card Interchange Fee and Merchant Discount Antitrust Litigation Rule 23(b)(3) Class Plaintiffs settlement. The claim filing period began in December 2023, and the final submission deadline is February 4, 2025. RMS provides expert guidance to ensure your claim is submitted accurately and promptly, with continuous assistance throughout the entire process.

Our Role in Submitting Your Claim:

Accurate and Timely Submission:

Once we confirm your eligibility, our legal team will manage every aspect of submitting your claim. This includes gathering all required documents, preparing your claim, and ensuring timely submission to the settlement administrator, Epiq Class Action & Claims Solutions, Inc. Claims must be submitted by the February 4, 2025 deadline to ensure your participation in the settlement.

How is the Settlement Amount Determined?

The settlement amount is determined based on the interchange fees your business paid for Visa and Mastercard transactions between January 1, 2004, and January 25, 2019. Your settlement will be a pro-rata share of the total settlement fund.

The Class Administrator will use available transaction data to estimate your interchange fees. If data is not available or incomplete, you may be asked to provide additional financial information, such as transaction volume or total sales. If you disagree with the estimated claim amount, you will have the opportunity to challenge it by submitting supporting documentation.

Comprehensive Follow-up and Status Monitoring:

Claim Status Updates:

After submitting your claim, we will actively monitor its status and keep you updated. If your claim is approved, approved with a lower amount, or flagged as deficient or in conflict, we will handle any necessary follow-ups. We work directly with the settlement administrator to resolve any issues related to your claim.

Handling Deficiencies or Conflicts:

If your claim is marked as deficient or in conflict, our team will communicate with the settlement administrator to correct any errors and provide additional documentation as needed to ensure your claim is processed accurately and fairly.

When Will You Get Paid?

Estimated Payment Timeline: No payments are expected to be made until after the end of the Claims Period on February 4, 2025. Because the pro-rata distribution cannot be determined until all claims are filed, reviewed, and approved by the Court, we do not yet know when payments will be made. Please note that this process can take time, and we kindly ask that you remain patient during this period. We will keep you updated as soon as there is more information regarding the payment timeline.

No Upfront Fees – Contingency-Based Services:

Our services are provided on a contingency basis, meaning there are NO UPFRONT FEES. You will only be charged a fee once the settlement is awarded. Risk Management Solutions fee is 25% of the recovery amount.

For more information or to begin the claims process, contact our team at support@riskmanagementsolutions.co

Disclaimer: 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. Information directing class members to the Court-approved website www.paymentcardsettlement.com for additional information.

Next Steps