SETTLE SMARTER WITH SAGEMONT
Sagemont Services: Guiding Merchants Through the Discover Card Interchange Fee Class Action Settlement
At Sagemont Services, we believe that every business, no matter the size, deserves fair access to settlement amounts that are rightfully theirs. We stand as champions for businesses of all sizes, leveling the playing field and ensuring that your business receives every dollar it is entitled to without the up-front cost of pricey external advisors.
DISCOVER CARD INTERCHANGE FEE
Key Settlement Information
Settlement Fund
$1.2 billion
Settlement Period
Jan 1, 2007 -
Dec 31, 2023
Claim Filing Deadline
May 18, 2026
Current Status
Open
What Merchants Need to Know About the Discover Settlement
Discover Card Settlement Lawsuit Summary
If your business accepted or processed Discover-issued credit cards between January 1, 2007, and December 31, 2023, you could be eligible for compensation from a $1.2 billion settlement fund.
Why This Matters
- What happened: Discover allegedly classified consumer credit cards as “commercial,” leading to elevated interchange fees for nearly 17 years.
- The impact: Regulators determined that merchants were overcharged by more than $1 billion. Enforcement actions and fines were imposed on Discover.
- Settlement terms: A settlement of approximately $1.2 billion has been preliminarily approved. Notices and Claims are now open.
Why This Matters
- Merchants who accepted Discover cards directly
- Merchant acquirers contracting with Discover
- Payment intermediaries processing Discover transactions
WHY US?
The Sagemont Services Advantage
Why Choose Sagemont?
We are more than consultants—we are your advocates.
Our all-in-one approach ensures that your claim is handled with precision and efficiency, providing you:
- Expert Claim Management: We file your claim with accuracy and efficiency, reducing errors and delays.
- Comprehensive Documentation Support: Our team helps compile the necessary financial records to support your claim.
- No Upfront Costs: You pay nothing unless we successfully recover funds on your behalf.
- Maximized Recovery: We leverage industry expertise to optimize your claim for the highest possible payout.
The Simple 3-Step Process
Submit Your Information
Complete our secure online form with basic provider details.
We Handle the Filing
Our team compiles the necessary data and documentation, submits your claim, and works with the class administrator to ensure your claim is filed successfully.
Receive Your Settlement
If approved, the class administrator will distribute the funds to which you are entitled.
Frequently Asked Questions
Sagemont Services is not affiliated with the Class Administrator or Class Counsel from the Discover Merchant Settlement, but we provide expert services to help you navigate and claim your settlement funds.
For more information about the official settlement, please visit the link below.
Sagemont Services stands at the forefront of financial advocacy as a premier settlement recovery consultancy. Our collective of seasoned advisors, meticulous researchers, and cutting-edge IT specialists unite to form a relentless force in the pursuit of your financial entitlements.