Thursday, February 21, 2013

MasterCard/Visa Lawsuit Settlement

Like many of you, I just received a very long notice explaining my rights related to the U.S. District Court settlement related to merchants who accepted MasterCard and Visa since 2004.

Since this is a 27 page document outlining our rights to obtain part of the $6 + billion (US) dollar settlement, I thought that it would easier to post resource information in case you have accepted MasterCard/Visa in the January 1st, 2004 to November 28th, 2012 time frame and have not received settlement information.

The toll free number for the case is 800-625-6440.


Address: Payment Card Interchange Fee Settlement, PO Box # 2530, Portland OR 97208-2530

The official website is

The proposed settlement equals one-tenth of 1% of your MasterCard/Visa transaction volume during an 8 month period starting July 29th, 2013.

Note that if you do nothing, you will get nothing. Be sure to call or check out the website to see if you qualify for part of the settlement.

Are you in the US and in need of no cost retail point of sale advice? I'm happy to help and can be reached on my cell at 208-340-5632 (mountain time) or via email at

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