Claiming Your Share of the $5.54 Billion Credit Card Settlement

January 16, 2025

If your dental practice accepted Visa or Mastercard payments between 2004 and 2019, you could be eligible to claim part of the massive $5.54 billion Payment Card Settlement.

This settlement resolves antitrust claims against Visa, Mastercard, and member banks for imposing excessive fees on merchants. The funds aim to reimburse businesses for unfair charges incurred over the years. Claims can be easily filed online, and they only take a few minutes to file.

Key Eligibility Criteria Your dental practice may qualify if:

• It accepted Visa or Mastercard payments during 2004-2019.
  
  

You’ll need the following details to begin your claim:

• Your Taxpayer Identification Number (TIN) or Employer Identification Number (EIN).
  
  
• Claimant ID and Control Number (if provided via mailed claim forms).
   
  • If you didn’t receive a mailed claim form (or can't find it), don’t worry, you can still file online or request assistance​.
    

Determine Eligibility

Before you begin, confirm that your dental practice qualifies for the settlement. To be eligible:

• Your business must have accepted Visa or Mastercard payments during the qualifying period (2004–2019).
   
  • If you sold or closed your practice , you are still eligible as long as your practice accepted Mastercard or Visa any time between 2004-2019.
    
    
  • Most dental practices meet this requirement.
    
    

You will need:

• Your Taxpayer Identification Number (TIN) or Employer Identification Number (EIN).
  
  
• Your Claimant ID and Control Number, which are included in the mailed claim form (if you received one).
  
  
  • If you didn’t receive a mailed claim form (or can't find it), don’t worry, you can still file online or request assistance​.
    
    

Filing Your Claim

1. Access the Claim Form

Visit PaymentCardSettlement.com to access the online claim form. If you didn’t receive a mailed form, you can download one or request assistance by calling 1-800-625-6440. The website provides user-friendly instructions to guide you through the process.

2. Gather Proof of Authorization

Ensure you have the following document ready before starting your claim:

• Proof of Authorization (can use any of the following):
   
  • EIN Assignment Letter from the IRS.
    
    
  • A completed W-9 Form to validate your business’s tax details.
    
    
  • Recent Utility Bills showing your business’s name and address to confirm operational status.
    
    

3. Register or Log In to the Claims Portal

If you have a Claimant ID and Control Number from a mailed claim form, use it to log in. If not, register your business by providing your TIN or EIN. This step ensures your practice is correctly identified in the system.

• Representative Name = Your Name.
  
  
• Representative Title = Your Title.
  
  
• Representative Business = Your Practice.
  
  

4. Verify Estimated Interchange Fees

The portal will display estimated interchange fees based on your transaction history from 2004 to 2019. Here’s how to proceed:

• If the estimate looks accurate, Confirm and proceed with the claim.
  
  
• If the estimate seems incorrect, Request additional transaction details. You may need to upload supplemental documentation, such as sales records or merchant statements, to justify adjustments.

5. Complete and Submit Your Claim
Follow these steps to finalize your claim:

• Review all pre-filled information and confirm accuracy.
  
  
• Upload your required documentation as outlined in Step 2.
  
  
• Submit the claim online through the portal. Alternatively, you can print the claim form, complete it manually, and mail it with your supporting documents to:

Payment Card Interchange Fee Settlement
P.O. Box 2530
Portland, OR 97208-2530

6. Keep Track of Deadlines

The final deadline to submit your claim is February 4, 2025. Late submissions will not be considered. Filing early ensures faster processing and avoids any last-minute issues.

7. Confirm Submission

Filing is free and straightforward, yet some companies may offer to file on your behalf for a significant fee, up to 25% of your recovery. Instead, rely on free resources:

• Contact the Class Administrator at 1-800-625-6440 or info@PaymentCardSettlement.com for assistance.
  
  

This settlement is an opportunity to recover funds for your practice. Payments are based on interchange fees and number of claimants, and the faster you file, the sooner you can secure your share. Don’t leave money on the table, start your claim today!

For more details and to begin your claim, visit PaymentCardSettlement.com.

Not sure where to start? Contact us today!

References

Act Now to Claim Your Share of The $5.54 Billion Credit Card Settlement. (2025, January 2). The McGill Advisory, 38(1).

https://www.paymentcardsettlement.com/en

https://www.wsj.com/finance/banking/visa-mastercard-agree-to-lower-swipe-fees-settling-long-running-lawsuit-d6e5f0a8

https://www.usatoday.com/story/money/small-business/2024/12/18/deadline-claim-visa-mastercard-settlement/76948117007/