$1.2 billion
2007 – 2023
May 18, 2026
Open
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.
This settlement stems from allegations that Discover misclassified consumer credit cards as commercial cards, causing merchants to pay unlawfully high interchange fees. While Discover denies wrongdoing, they agreed to settle to avoid further litigation.
With over 11 million Merchant IDs (MIDs) affected, it’s essential to verify if your business qualifies. Sagemont Services will handle this for you, ensuring your claim is accurate and submitted on time.
The lawsuit alleges Discover misclassified millions of consumer credit cards as commercial accounts between 2007 and 2023, resulting in higher interchange fees charged to merchants.
The settlement fund totals approximately $1.2 billion, allocated for merchants harmed by these misclassifications.
You may need to supply transaction records showing interchange fees paid, merchant category codes, transaction volumes, and total sales.
Yes. You may opt out if you do not wish to participate or object if you disagree with the settlement terms. Instructions and deadlines will be provided in the court-authorized notice.
Regulators concluded Discover misclassified consumer cards for 17 years, overcharging merchants by more than $1 billion. Discover was fined, and the settlement does not absolve other regulatory actions.
Eligible participants include end merchants, merchant acquirers, and payment intermediaries who processed Discover transactions between January 1, 2007, and December 31, 2023.
Fill out the information on the form above to let Sagemont handle your claim submission
Detailed instructions, including documents needed and filing dates, will be provided once the court grants final approval. Notice and claims forms were issued on or around September 11, 2025.
No. You are not required to pay anything if you choose to file your claim directly through the official Discover Merchant Settlement website. However, many businesses find the process time-consuming and complex. If you prefer to have Sagemont Services handle the filing on your behalf, we work on a contingency-fee basis—meaning we only retain a portion of the recovery if and when your claim is successful.
No timeline has been finalized, but payments generally follow after the claims review process once final approval is granted. Distributions could take several months after filing closes.
Visit the official Discover Merchant Settlement website or consult court-authorized updates. You can refer to ongoing legal updates on reputable information sites tracking claims and deadlines.
We leverage industry insights to assess your interchange fees accurately, even if your data is incomplete.
Our approach includes all your entities – locations, subsidiaries, and acquisitions – to maximize your claim.
We minimize requests to you and your staff, handling all the complexity of the claim on your behalf.
We only earn a fee if we successfully recover funds for you. No recovery means no fee.
Sagemont Services is here to guide you every step of the way—helping you meet deadlines, avoid mistakes, and secure the maximum compensation available. This settlement represents a valuable opportunity to recover funds lost due to Discover’s practices, and our team is committed to making the process seamless, efficient, and stress-free.
The settlement received preliminary approval on October 22, 2024, with a proposed claim filing deadline of May 18, 2026. Don’t leave money on the table—let us handle the details for you.
For more information about the official settlement, please visit the link below.