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Credit Card Class Action

Credit Card Class Action


Credit card class action: Deadline extended to December 30, 2022

One Time Extension

Canadian retailers who have not applied for a settlement in the recent class action lawsuit surrounding higher cost (premium) Visa and Mastercard credit cards now have until December 30, 2022, to apply.

An extension has been granted to small and medium merchants that missed the September 30, 2022 deadline to submit an undocumented or simplified claim.

This is a one-time extension and no further extensions will be granted. The claims deadline for large merchants was previously extended to December 30, 2022.

To make a claim, you will need to provide the size of your business/annual revenues during the claim period and an attestation that your business collected credit card payments at some point since March 23, 2001.

  SUBMIT CLAIM  

 

More Info

If your business has accepted VISA and MasterCard credit cards between March 23, 2001 and September 2, 2021, you may be eligible to receive money from class actions settlements. The class action suits claimed that VISA and MasterCard conspired to set higher interchange rates and restricted a business ability to surcharge or refuse their higher credit card use.

 

The settlements have received court approval, and there is a total of $131 CAD million in compensation available for distribution to class members after court-approved deductions (the “Net Settlement Amount”). The distribution is itemized at https://www.creditcardsettlements.ca/ and includes merchants who accepted payments by Visa or MasterCard credit cards as payments for goods or services in Canada between March 23, 2001, and September 2, 2021.


Who can receive payment under this Class Action?

Settlement Class Members who accepted payments by Visa or MasterCard credit cards as payments for goods or services in Canada between March 23, 2001, and September 2, 2021.

Who can receive payment under this Class Action?

The presentation will be followed by a 20 minute question period.