Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.Case Summary:
Merchants’ Choice Payment Solutions, Woodforest National Bank, and Paysafe Payment Processing Solutions, LLC are putting together $15,000,000 to settle a class action alleging that they caused merchants to unknowingly unroll in the Merchants’ Choice payment processing services. Also, the complaint alleged that Merchants’ Choice added unauthorized choices to their invoices, including annual fees, batch header fees, PCI program/compliance fees, PCI non-compliance/non-validation fees, gateway access fees, Foundry/e-merchant fees, monthly minimum discount fees, non-qualified fees, discount rates, other discount fees, or paper statement fees.Docket Number:
Company: Merchants’ Choice Payment Solutions
Filing Deadline: March 4, 2019
Class Period: December 22, 2013 to September 18, 2018
Objection Deadline: January 2, 2019
Exclusion Deadline: January 2, 2019
Final Approval Hearing: January 30, 2019Proof of Purchase:
Presumably the company’s records will be used to verify claims.Eligibility:
You may be eligible if
- You contracted to receive payment card processing services from or through Merchants’ Choice between December 22, 2013 and September 18, 2018, and
- You were charged any of the following fees: annual fees, batch header fees, PCI program/compliance fees, PCI non-compliance/non-validation fees, gateway access fees, Foundry/e-merchant fees, monthly minimum discount fees, non-qualified fees, discount rates, other discount fees, or paper statement fees.
Share of net settlement fund; 35% be divided equally among all class members, 40% based on a formula with the claimant’s number of months as a customer (capped at 36), and 25% based on the dollar value of processed transactions during the period. Current customers paid via cash credit to statement, electronic funds transfer, or check; former customers paid via check.
Total Settlement Amount: $15 millionClass Representative Proposed Incentive Fee:
Up to $10,000 each
Meade & Neese LLP
Webb Klase & Lemond LLC
Case Name: Al’s Pals Pet Care, LLC, et al. v. Woodforest National Bank, N.A., et al.
Settlement Website: Merchants’ Choice Payment Solutions Settlement Website
Merchants’ Choice Settlement Administrator
P.O. Box 5110
Portland, OR 97208-5110