Visa, Mastercard ATM Fee Settlement
Analysis based on 6 articles · First reported Dec 19, 2025 · Last updated Dec 20, 2025
The settlement by Visa Inc. and Mastercard will result in a payout to millions of ATM users, potentially impacting the companies' short-term financials. The ongoing antitrust lawsuits against Visa Inc. could also create uncertainty for investors in the payment processing industry.
Visa Inc. and Mastercard have agreed to pay a combined $167.5 million to settle a class-action lawsuit. The lawsuit, filed in 2011, accused the companies of conspiring to keep ATM access fees artificially high by blocking independent ATM operators from offering lower prices. Visa Inc. will contribute $88.8 million and Mastercard will contribute $78.7 million to a settlement fund, which will be distributed to eligible customers with qualifying ATM transactions since October 2007. This settlement follows a previous agreement last year where Visa Inc. and Mastercard paid $197.5 million to ATM users overcharged at bank-operated ATMs, and a 2021 settlement where banks like JPMorgan Chase, Bank of America, and Wells Fargo paid $66 million for similar claims. A third lawsuit by independent ATM owners and operators is still pending. Visa Inc. also faces another antitrust lawsuit from the United States — United States Department of Justice regarding the U.S. debit card market.
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