Mastercard paying out £70 to millions of customers in compensation

A DEAL HAS NOW BEEN APPROVED BY THE COURTS, MEANING IMPACTED CUSTOMERS WILL BE ENTITLED TO A COMPENSATION PAYOUT WORTH UP TO £70 EACH. 14:02, 20 May 2025 Mastercard is paying out millions in

compensation to customers after landmark legal battle. A deal has now been approved by the courts, meaning impacted customers will be entitled to a compensation payout worth up to £70 each.

Walter Merricks, who brought the claim, said he started this case because he believed that Mastercard’s fees paid by retailers for processing card transactions had been "unlawfully

high". He said he started this case because he believed that "Mastercard’s fees paid by retailers for processing card transactions had been unlawfully high" and

"virtually all UK consumers had lost out for long by periods paying higher prices than they should have done as retailers passed on those costs." READ MORE SANTANDER ISSUES UPDATE

TO 14 MILLION 'ACTIVE' CUSTOMERS AFTER MAKING BIG DECISION "As the evidence came to be known through the litigation process, this was the position only in a relatively small

proportion of transactions and the settlement reflects that," Mr Merricks. "The settlement that has today been finally approved represents a fair and just outcome for UK consumers.

"On any view, recovering £200million by way of a settlement for UK consumers is a huge sum, and that will translate into a meaningful impact in the pockets of UK consumers. During the

long course of the case which involved winning a key Supreme Court decision, I have established important precedents to ensure that other collective actions that have followed mine, will

have a greater prospect of succeeding. "And I am pleased to have forged this new path towards a UK regime that allows consumers to get meaningful access to justice, and that will act as

a deterrent to companies from acting unlawfully. I am proud to have achieved a substantial settlement sum, indeed the largest settlement for a group of UK consumers through the English

courts." YOU SHOULD BE PART OF THE CLAIM AUTOMATICALLY IF ALL OF THE FOLLOWING APPLY, UNLESS YOU PREVIOUSLY OPTED OUT: Article continues below * You lived in England, Wales or Northern

Ireland for at least three months between June 20, 1997 and June 21, 2010, or * You lived in Scotland for at least three months between May 22, 1992 and June 21, 2010 * You bought something

with a Mastercard credit card between the dates above * You were older than 18 and living in the UK on September 6, 2016