We are reaching out to inform you about an important legal settlement that may entitle your organization to financial recovery if your business accepted Discover Card payments during the applicable class period.
Overview of the Discover Agreement Settlement
Discover has agreed to a proposed settlement resolving allegations that certain Discover-issued consumer credit cards were improperly classified as commercial cards, resulting in merchants and payment processors allegedly paying excessive interchange fees.
Plaintiffs allege that businesses incurred higher processing costs due to these misclassified transactions. Discover denies wrongdoing, and the settlement remains subject to final Court approval and claims administration procedures.
Who will be eligible?
Your organization may be eligible if it:
- Accepted Discover Card payments,
- Processed Discover transactions,
- Operated as a merchant acquirer,
- or functioned as a payment intermediary
during the period between January 1, 2007 and December 31, 2023.
Eligible organizations may include:
- Retail stores
- Restaurants
- Healthcare providers
- Hospitality businesses
- E-commerce companies
- Service businesses
- Payment processors
- Merchant acquirers
What is the benefit?
Eligible claimants may receive cash compensation from a settlement fund estimated between $540 million and $1.225 billion, depending on approved claims and allocation methodologies. Settlement payments are generally based on qualifying Discover transaction volumes and related interchange fees paid during the covered period.
How Macmoor Capital Can Help
Navigating payment card settlements and interchange fee claims can be complex and time-consuming. Macmoor Capital provides end-to-end claims management services designed to maximize your recovery.
- Eligibility Assessment: We review your organization’s processing history and determine potential eligibility.
- Documentation Collection: Our team assists with gathering merchant statements, processor reports, tax records, and supporting documentation.
- Claim Filing: We prepare and submit your claim according to settlement requirements and deadlines.
- Follow-Up: We work directly with settlement administrators regarding claim reviews, deficiencies, and additional documentation requests.
- Recovery Optimization: Our experience with complex class action settlements helps maximize potential recovery opportunities.
Act Now!
Businesses should begin locating merchant account statements, processing reports, tax records, and historical transaction documentation as soon as possible. Waiting until the filing deadline may make it more difficult to support your claim.
Let Macmoor Capital help guide your organization through the claims process and maximize your potential recovery.
Our Services
Macmoor Capital focuses on making sure to maximize every client's claim. Every year, thousands of businesses fail to recover damages incurred because they neglect to file class action claims to receive their share of multi-million and multi-billion dollar class action lawsuit settlements.
