Visa/Mastercard Class Action Settlement 2025
As of today (Sept 12, 2025), here’s where things stand with the Visa Mastercard class action settlement:
- The claims filing deadline passed on February 4, 2025. Anyone who didn’t file a valid claim by then generally lost the opportunity to share in the settlement.
- The settlement amount agreed is $5.54 billion (plus some adjustments) for merchants that accepted Visa or Mastercard payments between January 1, 2004 and January 25, 2019.
- The official court authorized website for this case is PaymentCardSettlement.com. That’s where you check your claim status, download forms, and read court documents.
- There is no confirmed public “payout date” yet. As of now, payments to approved, valid claimants haven’t been fully distributed.
Who Was Eligible & What Sort of Relief Was Offered
Who Is Eligible
You may have been eligible if:
- Your business accepted Visa or Mastercard credit or debit card payments anytime from Jan 1, 2004 to Jan 25, 2019 in the U.S.
- You did not exclude yourself from the settlement.
- You filed a valid claim by the deadline, providing required info (legal/business name, tax ID / TIN, transaction data or estimates).
Businesses using payment facilitators (like platforms that process card payments for others) are not class members through the facilitator; their merchant customers are the ones eligible.
Settlement Amount & How Payouts Are Calculated
- Total fund: $5.54B excluding what’s used for fees, admin, etc.
- Your share depends on: how much you paid in interchange fees (Visa/Mastercard processing fees) during the eligible period, how many other claims there are, and deductions for admin, lawyers, and taxes.
- There’s no public figure yet for “average payout” or a fixed amount per business; everything is pro rata.
How to Check Claims, Official Site & Forms
Visa/Mastercard Settlement Official Website
The official website is PaymentCardSettlement.com. Merchants can log into the “Merchant Portal” to see their claim status and any authorization updates.
Visa/Mastercard Settlement Claim Form & How It Worked
The Visa/Mastercard settlement claim form was made available through the official site and mailed forms starting around December 2023.
To file, eligible merchants needed to fill in:
- Business identity details (name, TIN, etc.)
- Estimates or records of Visa/Mastercard transactions and interchange fees during the class period
What’s Next & Payout Date
- A motion for initial partial distribution of funds was filed in August 2025, asking the court to allow some early payments to certain claimants.
- But as of September 12, 2025, no official payout date has been confirmed. The court has not given a date when all valid claimants will start receiving payments.
Frequently Asked Questions
Q:Can I still file a claim if I missed the Feb 4, 2025 deadline?
A: No. The court approved deadline is over. Late claims are generally not accepted.
Q:How long until I get paid if I already filed?
A: Unknown. The claims administrator is reviewing claims and working toward approving distributions. A request for partial distributions is pending.
Q:What if I never got notice/forms?
A: Some merchants didn’t get mailed forms but still may have been eligible. If you filed, check your merchant portal for status. If not, it’s likely too late.
Q:How much will I receive?
A: It depends on your fees, business volume, and how many other valid claims there are. No fixed amounts are publicly available yet.
Summary & What You Should Know Today
As of September 12, 2025:
- The Visa Mastercard class action settlement is real, created to reimburse merchants for overcharged interchange fees between 2004–2019.
- The claim filing deadline is over (February 4, 2025). Only businesses that filed valid claims will get payouts.
- The official website is PaymentCardSettlement.com, the only source for checking status and updates.
- Payments haven’t all gone out yet. A motion for partial distributions has been filed, but full payouts will likely take more time.
