What's an interchange fee?

Roughly 1–2% of each card transaction. For most merchants, it's the largest fee they pay.

When do checks arrive?

The first partial distribution was approved October 30, 2025. Payments continue through 2026 as appeals resolve.

No. The window closed February 4, 2025. Anyone claiming otherwise is misleading you.

What can Mitena do now?

Track your distribution, audit your claim value, or buy your claim so you're paid today.

Sell your claim

You get paid now. We wait on the court. We buy filed class action claims from businesses that would rather have capital today than a check on someone else's schedule.

Get a bid See the tracker

How a claim purchase works

Step 1

Eligibility check

We confirm the case, the class period, and whether your business is in it.

Step 2

Claim audit

We review your records and model what the claim is likely to pay.

Step 3

Cash offer

You get a written offer with no obligation to accept.

Step 4

Assignment

You assign the claim to us. We take the timing risk from there.

Step 5

Payment

Funds are wired to your business. The court's schedule is our problem.

Cases we buy

Visa/Mastercard interchange

Merchants who accepted Visa or Mastercard, 2004–2019

The $5.54 billion interchange fee settlement is in distribution. If your business filed before the window closed, we can buy the claim and pay you now instead of waiting on the court.

Source: Court filings, MDL 1720 (E.D.N.Y.)

Discover card merchant settlement

Merchants who accepted Discover cards

Merchants overcharged on Discover card processing may hold a claim. We review your processing records, value the claim, and make a cash offer.

Blue Cross Blue Shield provider settlement

Healthcare providers and provider groups

Providers who billed Blue Cross Blue Shield plans may hold a claim in the provider track. We audit the billing history, value the claim, and make a cash offer.

Payment card settlement timeline

Last verified: August 2026

December 2019
Court granted final approval.
February 4, 2025
Claims-filing window closed.
October 30, 2025
Court approved the first partial distribution.
May 4, 2026
Second Circuit affirmed the settlement; en banc petitions pending.
2026
Distribution checks rolling out.

Common questions

Visa, Mastercard, and member banks were accused of anti-competitive interchange fee practices. The settlement resolves those claims for merchants who accepted their cards January 1, 2004 – January 25, 2019.

Case not listed?

Send us your email and we'll come back with a purchase offer on the case you're holding.