Discover Card Merchant Class Action Settlement
Discover Card Merchant Class Action Settlement
Discover Financial Services has agreed to pay between $540 million and $1.225 billion into a settlement fund to be paid out to merchants resolve allegations that it misclassified certain consumer credit cards as commercial cards, resulting in merchants paying excessive interchange fees.
Max Claim Value:
Pro rata share of $1.225B
Overview
Discover Financial Services has agreed to pay between $540 million and $1.225 billion into a settlement fund for merchants and businesses who accepted Discover credit cards from 2007 to 2023 and paid excessive interchange fees because certain consumer credit cards were misclassified as commercial cards. Award payments are calculated based on several factors, including the type of merchant and the amount of excess charges.
Eligibility
You may qualify for benefits if you were an end merchant, merchant acquirer or payment intermediary involved in professing or accepted a Discover card transaction between January 1, 2007 and December 31, 2023 and the transaction was misclassified.
You were an end merchant, merchant acquirer, or payment intermediary
You were involved in processing or accepting a Discover card transaction in the United States between January 1, 2007, and December 31, 2023
The transaction was misclassified
Definitions for the types of merchant and other roles involved in processing credit cards and further information is available on the official settlement website.
File Your Claim by May 18, 2026
Submit a claim to receive a payment from the settlement fund.
All eligible class members who submit a valid claim are guaranteed to receive a minimum payment of $10 and up to a pro rata share of $1.225 billion
Frequently Asked Questions
Our mission is to help people get the compensation they deserve. We are providing this information and a direct link to the official site to ensure you don't miss out on money you may be owed. However, this will mean that claims submitted for this settlement will not be reviewed, monitored, or have additional support from ClaimsHero.
No. For this claim, we are directing you to the official claims administrator website. There are no fees from ClaimsHero. This is different from our full-service representation campaigns, where we work on a contingency basis, review and monitor the status of your claim, and only get paid if your claim is successful.
Our goal is to raise awareness and guide you to the official claims website. We do not review your claim, handle your documents, monitor the status of your claim, contact you if there are any needed revisions or updates, or represent you in this specific matter. Our goal is to ensure you are provided a path to make your claim.
You must file your claim directly on the official settlement website, which is managed by the court-appointed claims administrator. The only place to submit your claim is through the link provided above.
All questions about your claim must be directed to the claims administrator. Because we simply provide a path to the claims administrator’s website to submit, our support team does not have access to your submission details. You can find their contact information on the official website through the link provided above.
If you have more questions, please visit the official website of this settlement and contact the claims administrator.
