A significant legal ruling has been issued, prompting businesses to stay informed and take appropriate actions. Visa and MasterCard are currently facing lawsuits for allegedly inflating ATM withdrawal fees and engaging in unfair practices. Both companies have reached an agreement to pay $197.5M Visa-MasterCard Class Settlement 2025 to customers who submit valid claims.
Qualified customers may be eligible to receive financial compensation. It’s essential to review the eligibility criteria to determine if you can make a claim. The compensation is intended for those who were affected by unauthorized charges on ATM withdrawals from Visa and MasterCard. Payments from the Visa-MasterCard Class Settlement 2025 will only be available to individuals who meet specific conditions.
Visa-Mastercard Class Action Settlement 2025
Certain Visa-MasterCard customers can file a valid claim to secure compensation for financial losses incurred. Visa and MasterCard implemented hidden charges on ATM withdrawals that were illegal. Claimants can file for Visa-MasterCard Class Compensation Amount 2025 as restitution for these unlawful practices.
By submitting a valid claim, you may be eligible to receive your compensation as a form of financial justice from both Visa and MasterCard. This article aims to outline the Visa-MasterCard Class Action Settlement 2025 to assist customers in understanding the lawsuit’s details and the steps needed to file a valid claim for a refund. This article will also provide information on the eligibility criteria, payment timelines, and other important dates.
Visa-Mastercard Lawsuit Settlement 2025 – Overview
| Article On | Visa-MasterCard Class Action Settlement 2025 |
| Country | USA |
| Department | Visa-MasterCard |
| Beneficiary | Valid Claimants |
| Total Settlement Amount | $197.5 Million |
| Individual Settlement Amount | Up to $2000 |
| Category | Finance |
| Official Website | paymentcardsettlement.com |
Visa-MasterCard Class Settlement Eligibility Criteria
Customers of Visa and MasterCard have experienced higher fees that were not previously disclosed. The court has approved the $197.5M to offer compensation or refunds to those affected. As such, Visa and MasterCard users should familiarize themselves with the Visa-MasterCard Class Action Settlement Eligibility Criteria to qualify for compensation. The following points outline how to become a valid claimant:
- Applicants must have used Visa or MasterCard between October 1, 2007, and July 26, 2024.
- Applicants must have incurred higher ATM withdrawal fees that were hidden and previously undisclosed.
- Applicants must provide transaction proof to file a valid claim for the Visa-MasterCard Class Action Settlement.
- Claims must be submitted before the deadline to be considered valid for this settlement.
Understanding Visa-MasterCard Class Action Lawsuit
- This lawsuit alleges that the companies failed to inform customers about these charges, violating consumer protection and federal anti-trust laws.
- Consumers paid inflated ATM withdrawal charges due to these practices.
- While the companies denied wrongdoing, they have agreed to pay certain compensation to resolve the allegations and avoid further litigation.
- The Visa-MasterCard Class Settlement 2025 has set aside $197.5M for those who used Visa and MasterCard from October 1, 2007, to July 26, 2024.
- Visa will contribute $104.675 million to the settlement, while MasterCard will provide $92.825 million.
- This compensation will be disbursed only after the court grants final approval for the refunds to affected individuals.
$197.5M Visa-MasterCard Class Action Settlement Payment Amount
Users of Visa and MasterCard have unknowingly incurred higher fees due to inflated charges on ATM withdrawals. As a result, both companies face a Class Action lawsuit concerning the inflated ATM surcharge fees, which have placed additional financial pressure on customers due to illegal charges. Consequently, they have agreed to provide a $197.5M Visa-MasterCard Class Settlement Amount for violating antitrust laws and imposing non-competitive fees without transparency.
It is important to note that Visa is responsible for $104.6 million of the total settlement, while MasterCard is accountable for $92.8 million. This financial action aims to hold the institutions liable for hidden charges and prevent similar unlawful conduct in the future. Affected individuals can potentially claim up to $2000 as a refund through the Visa-MasterCard Class Action Settlement Amount.
$197.5M Visa-MasterCard Class Settlement Important Dates
Millions of Americans have been subjected to higher ATM withdrawal charges, leading to increased financial burdens. Many are now seeking information regarding the Visa-MasterCard Class Compensation 2025 to fully comprehend the lawsuit.
Understanding significant events related to the settlement will enable individuals to stay informed and take the necessary steps to claim compensation. Below is a table with the $197.5 Visa-MasterCard Class Action Settlement Important Dates, which can assist you in better comprehending the progress of the lawsuit.
| Visa-MasterCard Class Settlement 2025 | Description |
| October 1, 2007 to July 26, 2024 | Time frame for antitrust violations |
| November 22, 2024 | Exclusion Deadline |
| November 22, 2024 | Objection Deadline |
| January 22, 2025 | Deadline for Claim Application Form |
| January 23, 2025 | Date for Final Approval Hearing |
