The settlement will benefit Any merchant in the United States who contracted to receive payment processing services from Wells Fargo Merchant Services and, between Aug. 4, 2011, and Feb. 8, 2021, processed sales through a fixed pricing plan, paid a statement billing fee, non-validation payment card industry (PCI) compliance fee, and/or monthly minimum processing fee, or processed sales through a pricing plan other than standard pricing (also known as “volume tier” or “simplified” pricing), and as of Feb. 8, 2021, is not account-managed (including the premier services team). You may be eligible for a potential award from the Wells Fargo Merchant Services Class Action Lawsuit!
According to the class action, lead plaintiff Patti’s Pitas LLC had alleged Wells Fargo Merchant Services overcharged businesses on their monthly invoices. Wells Fargo has agreed to pay $40 million to settle claims. So if you are eligible, file a claim by July 23, 2021 to receive your potential award!
Table of Contents [hide]
Wells Fargo Merchant Services CAL
- Claim Form Deadline: July 23, 2021
- Who’s Eligible: Any merchant in the United States who contracted to receive payment processing services from Wells Fargo Merchant Services and, between Aug. 4, 2011, and Feb. 8, 2021, processed sales through a fixed pricing plan, paid a statement billing fee, non-validation payment card industry (PCI) compliance fee, and/or monthly minimum processing fee, or processed sales through a pricing plan other than standard pricing (also known as “volume tier” or “simplified” pricing), and as of Feb. 8, 2021, is not account-managed (including the premier services team)
- Estimated Amount: Varies
- The actual amount of each Class Member’s payment will not be calculated until after the claims deadline passes.
- Former customers filing a valid claim form and current customers will be divided into three payment groups.
- Group 1 will consist of Class Members that processed sales through a fixed pricing plan at one time or another during the Class Period will receive 60 percent of the net settlement fund.
- Group 2, made up of Class Members that paid a statement billing fee, non-validation PCI compliance fee, and/or monthly minimum processing fee during the Class Period will be allocated 10 percent of the net settlement amount. will be allocated to Settlement The Net Settlement Amount will be further allocated within this group as follows:
- Group 3, Class Members that processed sales through a pricing plan other than the standard plan (also known as “volume tier” pricing) during the Class Period, and that as of the date of preliminary approval of the settlement are not account-managed (which includes the premier services team), will be allocated 30 percent of the net settlement amount
- Proof of Purchase: No
- Case Name & Number: Patti’s Pitas LLC, et al. v. Wells Fargo Merchant Services LLC, Case No. 1:17-cv-04583-GRB in the U.S. District Court for the Eastern District of New York
