[arista]

Mastercard
Class action fees.


Lawsuit

46million Customers are due a refund
if they lose the case.



Reported in the i paper
and on WION HD


https://www.reuters.com/world/uk/uk-...rd-2021-08-18/


[London court on Wednesday approved
a 10 billion pound-plus ($14 billion-plus)
class action against global payments processor
Mastercard (MA.N) that claimants said
could entitle 46 million British adults to
roughly 300 pounds each if it is successful.]

[bitontheslide]

and then they will put their fees up to pay for it

[Toy Soldier]

Is that per card? I have two Mastercards (and three Visa... I was very silly at University... all paid off now though. It only took 9 years )

[arista]

Originally Posted by Toy Soldier

Is that per card? I have two Mastercards (and three Visa... I was very silly at University... all paid off now though. It only took 9 years )

Thats Tricky
if they are both under one name
a Letter could say £300 for you for all accounts.


If one is under your good lady's name
then £300 refund for both.


Assuming they lose the Court case.

[Mitchell]

But only for users that used the card up to 2008?

[arista]

Originally Posted by Mitchell

But only for users that used the card up to 2008?

Yes June 2008


[Merricks alleges Mastercard
charged excessive "interchange" fees – the fees
retailers pay credit card companies
when consumers use a
card to shop - between May 1992 and June 2008 and
that those fees were passed on to consumers
as retailers raised prices.

Brought by former financial ombudsman Walter Merricks]

[Mitchell]

Originally Posted by arista

Yes June 2008


[Merricks alleges Mastercard
charged excessive "interchange" fees – the fees
retailers pay credit card companies
when consumers use a
card to shop - between May 1992 and June 2008 and
that those fees were passed on to consumers
as retailers raised prices.

Brought by former financial ombudsman Walter Merricks]

So not ‘every’ MasterCard customer at all like it is worded in the title, just those who had a MasterCard until at least June 2008?

[Toy Soldier]

Originally Posted by arista

Thats Tricky
if they are both under one name
a Letter could say £300 for you for all accounts.


If one is under your good lady's name
then £300 refund for both.


Assuming they lose the Court case.

Nah they're all mine . Though I think my wife's Barclaycard might have been a Mastercard . She closed the account, but it would definitely have been active in 2008