Some say cash from a class action settlement is a little like 'found' money because the funds are not usually projected or budgeted since it's difficult to forecast when the settlement will be paid. Granted, settlements can be very complicated and take a long time to come to fruition but as they say, "time is money."
It is possible to monetize a forecasted claim before the settlement funds are distributed thanks to MCAG’s Claim Purchase Option. This option allows MCAG's premier clients to assign future claims to MCAG in return for short term capital.
We are currently purchasing claims for the pending Visa/Mastercard Interchange Fee Settlement (V/MC claim) as a way to help our premier clients recover urgent revenue and alleviate the long-term impact of the current economic downturn.
If your business is interested in this option, please complete our Claims Purchase Application below so we can get the review process started. We use our claim assignment valuation model to analyze your forecasted V/MC Claim against our propriety database of class action settlements and exclusive card processing data. After assessing our data in relation to your sales volume, we will determine the potential for assigning your claim to MCAG. Based on this analysis, we will then provide qualifying clients with a claim purchase offer. Please note that you may be required to provide annual revenue and/or V/MC sales volume to receive a claim purchase offer.
MCAG’s deep resources and settlement expertise allows us to conduct the underwriting diligence very quickly. In fact, we can turn around a purchase offer in a matter of days.
If your organization is interested in learning more about this opportunity, please complete our application so we can schedule a call to update you on the status of the Visa/Mastercard Settlement, provide more information about our claims purchase option, and determine your organization's eligibility for this offer. You may also want to review our FAQs to learn more.
Payment Card Settlement Disclaimer: On December 13, 2019 the Court granted final approval of the settlement filed on September 18, 2018 for the Rule 23(b)(3) Class Plaintiffs in this action. No claim forms are available at this time, and no claim-filing deadline exists. No-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.