Visa and Mastercard have agreed to pay $167.5 million to settle a class-action lawsuit accusing them of conspiring to inflate ATM access fees for millions of users since 2007. The deal, filed December 19, 2025, in Washington, D.C. federal court, awaits judge approval and targets non-bank ATM transactions.
Settlement Details
Visa will contribute $88.8 million, covering 53% of the fund, while Mastercard adds $78.7 million. This money goes to a settlement fund for consumers who paid unreimbursed access fees at independent, non-bank ATMs. Eligible claims cover transactions from October 2007 onward, potentially affecting millions across the U.S.
Plaintiff attorneys call the outcome strong given litigation risks. They plan to seek up to 30% of the fund—about $50 million—for fees. Neither company admits wrongdoing and both denied misconduct throughout.
Lawsuit Background
The case started in October 2011 in U.S. District Court for the District of Columbia. Plaintiffs claimed Visa and Mastercard rules blocked independent ATM operators from offering lower access fees on rival networks. These network rules allegedly created a conspiracy that kept fees artificially high, harming competition.
Independent ATMs, often in stores or standalone spots, rely on Visa and Mastercard networks for processing. The suit argued operators could not discount fees for cheaper alternatives, forcing uniform high prices on users. This spanned nearly 14 years of appeals and motions.
Legal Timeline
Key events shaped this long fight. Below is a timeline of major milestones.
| Date | Event |
| Oct 2007 | Class period begins for eligible ATM transactions. |
| Oct 2011 | Lawsuit filed against Visa, Mastercard in D.C. court. |
| 2021 | Banks settle related claims for $66 million. |
| 2024 | U.S. Supreme Court denies review of class certification. |
| Jul 2024 | Preliminary approval in related bank ATM case. |
| Dec 18-19, 2025 | $167.5M settlement filed for non-bank ATMs. |
The timeline highlights persistent challenges to network rules.
Related ATM Cases
This settlement is one of three linked suits in D.C. court. A prior case on bank-owned ATMs ended with Visa and Mastercard paying $197.5 million, approved in June 2025, plus the $66 million bank deal—totaling over $264 million recovered. That covered users overcharged at bank ATMs from 2007 to 2024.
A third suit by independent ATM owners and operators remains pending. It alleges similar overcharges on network access fees. These cases stem from the same antitrust concerns over fee restraints.
Impact on Consumers and Industry
Millions who used non-bank ATMs may qualify for payouts, though amounts depend on claims volume. Past settlements show average returns vary; the bank ATM fund distributed after claims closed in early 2025. Users must watch for notices if approved.
The deals pressure payment networks to rethink rules. Experts see potential for more competition, lowering future fees. Independent operators gain leverage against uniform pricing. U.S. cash withdrawals total billions yearly, making even small fee cuts significant.
Visa and Mastercard face broader scrutiny. The U.S. Justice Department sues Visa over debit market monopoly. Merchant swipe fee settlements also loom large.
Company Responses and Market Reaction
Visa and Mastercard stayed silent on settlement requests. Both firms maintain strong positions; Visa shares rose 0.7% and Mastercard 0.6% post-news. Annual revenues exceed $30 billion each, dwarfing these payouts.
Denials of wrongdoing align with past defenses. They argued rules ensured network efficiency. Settlements avoid trial risks without liability admission.
Broader Antitrust Context
Payment giants battle multiple fronts. A $5.54 billion merchant interchange settlement awaits claims into 2025. ATM cases echo 1980s-1990s surcharging fights. Courts apply “rule of reason” to weigh competition harm versus benefits.
These rulings signal regulators target fee opacity. Consumers benefit from class actions aggregating small claims. Future policies may mandate fee transparency.
Final Thoughts
This $167.5 million deal closes a chapter on ATM fee fights but leaves questions. Pending suits could yield more relief, while approvals unlock funds for users. Watch for claim sites and fee changes ahead. The cases underscore push for fairer payment systems.






