Visa/Mastercard
Payment Recovery
Enterprise Payment Systems thinks it is IMPERATIVE to make you aware of an opportunity to recover fees paid by you to Visa/Mastercard that has been classified as “OVERPAYMENTS”.
This settlement (Payment card interchange Fee and Merchant Discount Antitrust Litigation-MDL. No.1720) received final approval in September 2023 with the formal enrollment period confirmed as 12/1/2023-May 31,2024.
The official claim form was made available on-line. Merchants that accepted Visa or MasterCard at any point between January 1, 2004, and January 25, 2019, are part of a Class Action lawsuit that resulted in a $5.6 billion settlement. This settlement ends a 13-year legal battle, ensuring that merchants who accept these cards are now entitled to monetary relief.
Find out how your business might be entitled to the settlement now!
How We can Help
CURRENT STATUS: On August 3, 2023, The Court appointed a Special Master to resolve matters relating to the Plan of Administration and Distribution and directed they “proceed with all reasonable diligence to complete the tasks assigned”. With formal approval of the VISA/MasterCard Class Action Settlement in September 2023, the process for recovering a portion of the fees you may have paid from January 2004 to January 2019 has measurably progressed.
The Special Master declared the filing/enrollment period to be from December 1, 2023, to May 31, 2024. On December 1, 2023, the official claim form was made available on-line with mailing of the forms to registered merchants commencing the same day. In response, as outlined below, Brownstone Recovery is now gathering the required data and will submit the forms on our clients’ behalf.
WHAT ARE YOUR OPTIONS?
Option 1: Do nothing and do not receive your share of the settlement. Note: If you want to participate, you must enroll by May 31, 2024, to receive compensation.
Option 2: File your own claim by working with the Court’s official settlement administrator. For more information, and details for no cost assistance see the below disclaimer Claim forms are not yet available. There is not a requirement to file with a third-party provider.
Option 3: Easy Enrollment: Retain our partner, Brownstone Recovery Group to work on your behalf to recover your share of the settlement. They are experts in the interchange fees and class action settlements process. They will focus on your claim while you focus on your business. Enterprise Payment Systems has partnered with. Brownstone to provide our clients with a preferred rate for these services. There is no out-of pocket cost for you!
Simply go to VISA.MCSettlement.EnterprisePaymentSystems.PLATINUM and click on the “Retain” button. Brownstone will confirm your enrollment, keep you up to date on the settlement progress, file and manage your claim and forward you your proceeds when paid.
CALL US
1-800-228-3388
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