The news: The deadline to submit a claim as part of the Payment Card Settlement has been extended to Aug. 30, 2024.
How we got here: The Payment Card Settlement is the biggest antitrust class-action settlement in history and sets aside about $6B for U.S. merchants who paid artificially inflated Visa and Mastercard interchange fees. Key takeaway: If your restaurant accepted Visa and/or Mastercard at any time between Jan. 1, 2004, to Jan. 25, 2019, you may be entitled to a share of this $6B class-action settlement. Visit www.paymentcardsettlement.com to submit a claim before the updated deadline, Aug. 30, 2024. Learn more: Click here to watch a recording of a webinar the Association and the Restaurant Law Center hosted on the settlement. Register for the webinar to access the recording.
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