Visa & Mastercard to Pay $192 Million Settlement – Are You Eligible

Visa and Mastercard, the two largest credit card companies in the world, are embroiled in a settlement that could arguably benefit thousands of customers directly.

The settlement is the outcome of a class action suit in which these companies are said to have raised ATM charges unnecessarily. The suit claimed that the customers were charged extra fees without prior notice, a situation that could hamper their financial affairs.

Now, if you have been affected by these excessive ATM fees, you may be eligible for a refund. In this article, we will tell you all the details of the settlement and the eligibility conditions.

Visa and Mastercard’s $192 million direct payment – ​​what is the matter?

A settlement of $197.5 million has been decided in this class action lawsuit, in which this amount will be distributed to the affected customers to compensate for their losses.

According to the lawsuit, Visa and Mastercard do not directly issue cards or set fees. But banks in their network, such as JPMorgan Chase, Wells Fargo, and Bank of America, charged customers additional fees whose information was not fully transparent.

Under the settlement:

• Visa will pay $104.6 million and Mastercard $92.8 million.
• The companies have not admitted any wrongdoing, which is typical in cases like this.
• If you meet the eligibility criteria, you can receive a direct cash refund from this settlement.

Are you eligible for this settlement?

Not every customer is eligible for this direct settlement payment. If you’ve been affected, check your eligibility first.

You are eligible for this settlement if:

• ✅ You used an ATM with a Visa or MasterCard debit card between October 1, 2007 and July 26, 2024.
• ✅ You paid a non-refundable fee.
• ✅ The fee was charged by a bank that is part of the Visa or MasterCard network, such as JPMorgan Chase, Wells Fargo, or Bank of America.

You are not eligible if:

• ❌ You have already received a refund for ATM fees.
• ❌ Your card was not issued in the United States.

If you previously participated in an ATM fee settlement and received a refund, you will have to apply separately for new claims.

How to apply for a refund?

Applying for a refund is easy and does not require any documentation initially.

📌 Application Process:

1. Apply Online:
   • Go to the official class action website.
   • Fill out the form online or download it and mail it.
2. Send the form to:
   • ATM Surcharge Settlement
   • P.O. Box 170500, Milwaukee, WI 53217
3. Enter your contact information and sign an affidavit.
   • This document will be legally binding, so provide only truthful information.
4. Submit additional proof if needed.
   • Documents are not mandatory initially, but the Claims Administrator may ask you for proof later.

Important Dates – When is the Application Deadline?

• 📅 Application deadline: January 22
• 📅 Final hearing to approve settlement: January 24

⏳ If you want to be a part of this settlement, complete your application before the deadline!

The bottom line-Should you put in a claim?

If excessive ATM charges have caused you financial misfortune, this really is a chance to obtain a refund by joining the bandwagon of the settlement.

• ✅ The application process is simple and no documents are required.
• ✅ Eligible customers can get a refund of up to thousands of dollars.
• ✅ The application deadline is January 22, so apply as soon as possible.

If you are in doubt whether you are eligible for this settlement or not, visit the official website to get information. Don’t miss this chance!

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