Historic Settlement to Offer Compensation to Many Lake Street Businesses

Did your business accept Visa or Mastercard credit and/or debit cards between January 1, 2004 and January 25, 2019?

If so, it may be able to claim compensation in the Payment Card Settlement—a record-breaking $5.5 billion settlement that resolved claims that Visa and Mastercard unlawfully inflated merchant fees. Be on the lookout for the official, court-approved claim form arriving in the mail in December 2023 or early January 2024. This claim form is not “junk mail,” and you must file a claim in order to claim your share of settlement funds. Filing a claim is free and most businesses will be able to file their claims in 5 minutes or less. Most businesses will receive meaningful compensation if they are qualified to participate in the settlement. You should also note that some companies may contact you offering to file your for a fee. You do not need to use such a service, and the claims administrator and class counsel can provide no-cost assistance.

More information can be found at paymentcardsettlement.com or by calling 800-625-6440.