How Manufacturers Can Cash In on the Major Visa/Mastercard Settlement

  • Manufacturing
  • 8/7/2024
Woman using modern gadgets in work

If your manufacturing business accepts Visa or Mastercard, you may be able to get part of a recent $5.5 billion settlement.

Does your manufacturing business accept Visa or Mastercard? If so, you may be able to get part of a recent $5.5 billion settlement.

Earlier this year, Visa and Mastercard settled a lawsuit on excessive fees. Any business that accepted Visa or Mastercard between January 1, 2004 and January 25, 2019 can apply to receive a share of the fees.

Don’t delay — all claims must be filed by August 30, 2024. Read on to learn how to file.

How does it work?

Qualifying businesses will share in the settlement fund of $5.54 billion, pro rata based on all claims filed. Specific amounts will not be known until all claims are received and processed.

How do you file?

All claims are processed at paymentcardsettlement.com and must be filed by August 30, 2024. Payment will likely take a long time.

How CLA can help with Visa/Mastercard settlement claims

While you may choose to file yourself, CLA is here to help. With the upcoming due date quickly approaching, we can help you to review and file claims.

Learn more

Get more details in our article How Businesses Can Cash In on the $5.5 Billion Visa/Mastercard Settlement or watch our explainer video.

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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