How Your Business Can Benefit from the $5.5 Billion Visa/Mastercard Settlement
Did your website or business accept Visa or Mastercard transactions between 2004 and 2019? If so, you might be eligible to recover hidden credit card processing fees from a historic $5.5 billion settlement. Here’s what you need to know and how this could benefit your business.
What Is the Settlement About?
Visa and Mastercard have agreed to a settlement to address claims that businesses were charged excessive fees for processing credit card transactions over a 15-year period. This presents a unique opportunity for businesses to recover some of those hidden costs.
Who Can File a Claim?
If your business—or even just your eCommerce website—processed Visa or Mastercard transactions between January 1, 2004, and January 25, 2019, you are eligible to file a claim.
Even businesses that have since closed or gone bankrupt can file, as long as they operated during that period.
How Much Could You Recover?
The settlement could return approximately $3,000–$5,000 for every $1 million in credit card transactions processed during the eligible period. For businesses with significant transaction volumes, this could translate into substantial savings.
How to File a Claim
Filing is straightforward, and the deadline is February 4, 2025. Here’s what you need to do:
- Visit www.PaymentCardSettlement.com.
- Submit your claim online using your Employer Identification Number (EIN).
- No proof of overcharged fees is required at this stage.
Why Take Action Now?
Funds from the settlement will be distributed on a pro rata basis, meaning the sooner you act, the better your chance of securing your share. Recovered funds can be reinvested into your business—whether to improve your website, upgrade your eCommerce platform, or boost your marketing efforts.
Need Help?
At Ready Artwork, we specialize in supporting businesses like yours with digital marketing and eCommerce solutions. If you have questions about how this settlement could impact your business or need assistance improving your website or online store, we’re here to help!
Don’t wait—file your claim today and take advantage of this opportunity to reclaim funds that rightfully belong to your business.
