Visa and Mastercard have reached a $5.6 billion settlement—here's how you can claim your share.

If you've made a transaction using Visa or Mastercard between January 1, 2004, and January 25, 2019, you might be eligible for a payout. And it’s not just a small amount—there’s $5.6 billion on the line. Wondering why you haven’t received any paperwork in the mail yet? Don’t worry; you still have a chance to be part of this.

Recently, Visa and Mastercard were hit with an antitrust lawsuit, which accused them of charging businesses excessively high swipe fees—the hidden charges that come with using your credit card for everyday purchases. These fees became a significant issue for many merchants, with the lawsuit claiming that Visa, Mastercard, and some banks were secretly conspiring to hike these fees, making it hard for businesses to inform customers about cheaper payment options.

Now, to make things right, they’re offering $5.6 billion as a settlement. This compensation is available to anyone who processed Visa or Mastercard payments during that time frame. Whether you own a bustling coffee shop, a small retail store, or even if your business has since closed or been sold, you could be eligible to claim your share!