Mastercard
For more than 15 years, Mastercard charged excessive interchange fees on card transactions. Mastercard settled for £200 million, meaning anyone who purchased from retailers that accepted Mastercard could be eligible to get some of that money back.
Am I Eligible?
You must have bought goods at a supermarket that accepted Mastercard during the specified period. Please note that the following criteria also apply.
- You must have been aged sixteen or over and living in Scotland for at least three consecutive months between 22 May 1992 and 21 June 2008, or England, Wales or Northern Ireland for the same period between 20 June 1997 and 21 June 2008.
- You must have bought the goods in question for non-business purposes.
- You must have been living in the UK on 6 September 2016.
Key Facts
- Claim type
- Consumer rights
- Total settlement
- £200 million
- Possible claimants
- 46 million people
More About This Claim
What did Mastercard do?
Between May 1992 and June 2008, Mastercard charged excessive interchange fees on card transactions, pushing up retail prices for millions of UK shoppers.
What happened in court?
A major class action resulted in a £200 million settlement, with around £100 million reserved for payments to eligible UK consumers who submit a valid claim.
The Competition Appeal Tribunal has approved the settlement. Up to 46 million adults could share the payout, making it one of the largest consumer redress schemes in UK history.
How can I claim?
You automatically become a member of the class if you were either a resident of Scotland for at least three consecutive months between 22 May 1992 and 21 June 2008 or England, Wales or Northern Ireland for the same period between 20 June 1997 and 21 June 2008.