05/05/2020
Dear Valued Customer,
A $5.54 billion class action settlement has been reached between merchants, Visa, MasterCard and other Defendants regarding interchange fees charged to merchants, and you may be eligible to receive cash from this settlement. The lawsuit claims that Visa and MasterCard charged merchants higher fees than they should have for accepting payment from consumers between 2004 and 2019.
What does this mean for you?
If you accepted Visa or MasterCard any time after January 1, 2004, you may be eligible to receive cash from the $5+ billion in funds available from the Settlement.
Shift4 Payments has partnered with MCAG – a class action settlement expert – to assist our eligible merchants with recovering cash from the Settlement. MCAG will submit your claim using your historical processing data supplied by processor partners along with information provided by Visa/MasterCard that is made available by the Settlement Administrator.
There are no upfront fees - MCAG charges a contingent fee of 30% of recoveries. For this fee, MCAG will do all the data analysis, document preparation, claims filing, recovery and reconciliation. If there is no recovery from the Settlement, you will not be charged a fee.
Signing up for MCAG’s service is easy:
1. Click here to visit MCAG’s website for Shift4 Payments merchants.
2. Enter in your business information and that’s it!
For additional information, you may also visit www.mcagenroll.com, and enter code SHIFT4.
Disclaimer: On December 13, 2019 the Court granted final approval of the settlement filed on September 18, 2018 for the Rule 23(b)(3) Class Plaintiffs in this action. No claim forms are available at this time, and no claim-filing deadline exists. No-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.
Copyright © 2020. Shift4 Payments, LLC. All rights reserved.
Dear Valued Customer,  A $5.54 billion class action settlement has been reached between merchants, Visa, MasterCard and other Defendants regarding interchange fees charged to merchants, and you may be eligible to receive cash from this settlement. The lawsuit claims that Visa and MasterCard c...