Apply for Your Share of the ~$1.2 Billion Discover Settlement
Eligible businesses that accepted Discover payments between 2007-2023
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Complete our simple form (takes only 3-5 minutes)
Sign your claim documentation electronically
We'll submit your claim and handle the process
Contact your rep for their referral link in order to make a submission.
What is this Class Action Lawsuit 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.
How Much Money Can I Receive?
Businesses that accepted these card payments between January 1, 2007 and December 31st, 2023 are eligible for a portion of the ~$1.2 billion settlement. The amount each business receives is determined by their transaction volume during that period.
Why Choose IronGate?
Our team collaborates closely with the legal teams for this Discover settlement to ensure all claims are filed accurately, with no discrepancies, and that you can get the maximum amount owed.
How Can My Business Apply?
Getting started is straightforward. Simply provide us with the necessary information, and we will send you an engagement letter to initiate the process. Our team will then conduct due diligence to assess your eligible revenue.
Can other businesses qualify?
Yes, most likely. Please get in touch with us at
support@igbusinessadvisors.comImportant Terms
End Merchant
An individual or business entity that during 2007-2023 accepted a Discover Bank-issued credit card directly from a person as payment in return for the delivery of goods or services. For purposes of this settlement, there are four different types of End Merchants: Indirect End Merchant, Inactive Direct End Merchant, Managed Active Direct End Merchant, and Unmanaged Active Direct End Merchant.
Merchant Acquirer
A business entity that during 2007-2023 had an agreement with Discover to facilitate Discover credit card transactions and was characterized by Discover's rules and regulations as an 'Acquirer.'
Payment Intermediary
A business entity that during 2007-2023 processed Discover credit card transactions on behalf of other businesses, but that is neither an End Merchant nor a Merchant Acquirer.
Misclassified Card Transaction
A Discover credit card transaction in which, at the time of processing and according to the records of Discover, the credit card account was classified by Discover Bank as a 'commercial' credit card but should have been classified as a consumer credit card (i.e., a 'rewards,' 'premium,' or 'premium plus' card).
Disclaimer
Claim forms have started being delivered and are obtainable online. Class members are not required to sign up for a third-party service to benefit from any monetary relief. Free assistance is available from the Class Administrator and Class Counsel during the claims-filing period. For further details, visit the Court-approved website www.discovermerchantsettlement.com.