604-689-7555 or 1-800-689-2322
VIEW ACTIVE CLASS ACTIONS

Visa / Mastercard

Case Name:
Court:
Date Filed:
Class Members:
Co-counsel:

OFFICIAL WEBSITES:

English: www.CreditCardSettlements.ca
French: www.CreditCardSettlements.ca

The Credit Card Actions

Class action lawsuits were commenced in British Columbia (the “BC Action”), Alberta, Saskatchewan, Quebec (the “QC Action”) and Ontario (collectively, the “Credit Card Class Actions”) against Visa Canada Corporation (“Visa”), Mastercard International Incorporated (“Mastercard”) and certain banks which issue credit cards (“Issuing Banks”) alleging each of Visa and Mastercard conspired with their Issuing Banks and acquirers in setting the amount of interchange fees and imposing rules restricting merchants’ ability to surcharge or refuse higher cost Visa and Mastercard credit cards. The BC Action and the QC Action were certified/authorized as class proceedings.

Distribution of Net Settlement Proceeds– Make a CLAIM no later than 11:59 pm PST on September 30, 2022

Settlements totalling $131 million in net compensation have been reached with Visa, Mastercard, Bank of America, Citigroup, Capital One, Desjardins, National Bank, CIBC, Royal Bank, BMO, TD and Bank of Nova Scotia. The settled defendants do not admit any wrongdoing or liability. The BC, Alberta, Saskatchewan, Ontario and Québec courts approved the settlements for distribution in Credit Card Interchange Fees Class Action.

Anyone who accepted Visa or Mastercard credit cards in Canada between March 23, 2001 and September 2, 2021 is eligible to claim settlement benefits.

Claims by small merchants with annual average revenue of less than $5 million do not require supporting documents. Subject to further court order, undocumented claims will be paid $30 for each year the merchant accepted credit cards from 2001 to 2021. There is also an opportunity for merchants with annual average revenue of $5 million or more to make claims with specified documentation. Claims can be filed online at www.CreditCardSettlements.ca on or before September 30, 2022.

For more details on how to make a claim, please review the Long Form Notice re Claims Process under Important Documents below, or visit the official website at www.CreditCardSettlements.ca.

Important Documents:

For more information please contact Sharon Wong, Paralegal at (604) 689-7555 or by email at [email protected]. We also encourage you to go to the official website for this Credit Card Class Action at creditcardsettlements.ca.




Visa / Mastercard - Status Updates:

May 30, 2022

Visa / Mastercard - View

November 8, 2021

Credit Card Class Action: Updated Distribution Plan - View

October 13, 2021

Credit Card Actions Certified for Settlement - View

June 26, 2020

Visa Mastercard June 26, 2020 - View

August 2, 2018

Visa / Mastercard – Application to Approve Settlements with National Bank, Visa and Mastercard - View

July 26, 2018

Entered Alberta Order re Adjournment of Settlement Approval (Visa, Mastercard and National Bank) - View

July 10, 2018

Visa / Mastercard – National Bank Settlement Approval Hearings - View

April 5, 2018

Visa / Mastercard Class Action – Settlement Approval Hearing - View

April 12, 2016

Visa / Mastercard – Desjardins Settlement - View

September 17, 2015

BC Court of Appeal Reasons – August 19, 2015 - View

June 6, 2014

Visa / Mastercard – Certification of BC Action - View

April 17, 2014

Visa / Mastercard – Public Reasons for Judgment released March 27, 2014 - View

March 28, 2011

Visa / Mastercard - View

BACK TO TOP
Camp Fiorante Matthews Mogerman