A $5.5 Billion Visa and Mastercard Settlement to Benefit Merchants After Landmark Resolution in the Antitrust Case

The Visa and Mastercard settlement marks a significant milestone in a long-standing antitrust case involving the two credit card giants.

U.S. merchants who processed payments through Visa and Mastercard between January 1, 2004, and January 25, 2019, are eligible to claim a share of the $5.5 billion settlement.

This case centers around allegations that Visa and Mastercard overcharged merchants by imposing excessive interchange fees, also known as swipe fees.

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