Most UK adults could receive a payout from MasterCard

Lloyd Doyle
April 20, 2019

Mastercard continues to disagree fundamentally with the basis of the claim and we believe United Kingdom consumers receive real value from the security, convenience and consumer protection of our payment'.

A court ruling has led the way for a £14bn class action lawsuit.

Merrick's claim - the first mass consumer claim brought under the collective action regime in the new law - alleges that the fees infringed European Union competition rules and were paid by businesses and then passed on to consumers in the form of higher prices.

The action claims that Mastercard charged illegally high transaction fees over a 16-year period, meaning that 46 million United Kingdom consumers paid more in shops than they should. As a result of the excess charges, we had to pay higher prices in shops than we should have done over the years, with Mastercard taking the resulting profits from those transactions.

In 2017 Competition Appeal Tribunal rejected Mr Merrick's claim for damages and said it would not let the case go through.

Mastercard said it will continue to fight the claim.


"I am very pleased with today's decision", said Merricks.

But any shop that had accepted Mastercard's steep prices could be due payouts, in addition to customers who had never used the card. It's now time for Mastercard to apologise to the British public, and to agree to pay the compensation it owes'.

"Mastercard continues to disagree fundamentally with the basis of the claim and we believe United Kingdom consumers receive real value from the security, convenience and consumer protection of our payment services".

Even those who have never owned the credit card could benefit, as the lawsuit applies to anyone over 16 who bought an item or service from a United Kingdom business between 1992 and 2008 that accepted Mastercard.

If the action is successful, 46 million people in the United Kingdom could be included in the payout, since it's one of the first cases where participants are considered opted-in by default, and would have to opt out of the payment if they didn't want to be included.

But Mastercard representatives "disagree fundamentally with the basis of the claim", stating that the decision was not a "final ruling" and that "the court has simply said a rehearing on certain issues should happen".

Other reports by Iphone Fresh

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