DISCOVER CARD MERCHANT ANTITRUST SETTLEMENT
Settlement Amount
$540 Million
Class Period
January 1, 2007 – December 31, 2023
Filing Deadline
October 22, 2025
Defendants
Discover
Who we are.
Class Action Refund is a leading third-party claims-filing company that offers full-service claims monitoring and management. We are not class counsel or a claims administrator. Founded in 2003, we have extensive experience managing various class member claims, specifically complex settlement recoveries in claims management, business administration, legal, technology, research, and finance.
How we can help.
Class Action Refund can help your company recover its portion of the Settlement by managing all aspects of your claim, including claim filing, communications with the claims administrator, and audit responses. By organizing and handling all the forms and data associated with filing your claim, we will ensure that it meets all requirements and is submitted accurately. By utilizing Class Action Refund’s claims-filing service, your company will incur no upfront costs and recover the appropriate amount due back to you.
FAQ’s
What is this settlement about?
The lawsuits allege that, beginning in 2007, defendants Discover Financial Services, DFS Services LLC, and Discover Bank (together, “Discover”) misclassified certain Discover-issued consumer credit cards as commercial credit cards, which in turn caused merchants and others to incur excessive interchange fees. Discover denies the claims in the lawsuits, and the Court has not decided who is right or wrong. The parties have agreed to the settlement to avoid the expense, uncertainty, and risks associated with litigation. The proposed settlement, if approved, would resolve these lawsuits and provide benefits to Settlement Class Members, including those who submit claims and do not exclude themselves.
What is an interchange fee?
When a cardholder makes a purchase with a credit or debit card, there is an interchange fee attributable to those transactions, which is usually around 1% to 2% of the purchase price. Interchange fees typically account for the greatest part of the fees paid by merchants for accepting credit and debit cards.
Who is qualified in the Settlement?
All End Merchants, Merchant Acquirers, and Payment Intermediaries involved in processing or accepting a Misclassified Card Transaction during the period from January 1, 2007 through December 31, 2023.