Around 40 million British credit card users could be handed £450 each as legal action has been taken against MasterCard over £14billion of 'unfair charges' to customers. A collective action was launched today that accuses the company of setting punitive transaction fees for retailers from 1992 to 2008, which were passed on to shoppers in the shape of higher prices.
Thursday, September 8, 2016
MasterCard Facing £14billion Claim Over Card Charges passed on to Shoppers
Around 40 million British credit card users could be handed £450 each as legal action has been taken against MasterCard over £14billion of 'unfair charges' to customers. A collective action was launched today that accuses the company of setting punitive transaction fees for retailers from 1992 to 2008, which were passed on to shoppers in the shape of higher prices.