Millions
of British shoppers could benefit from a share of a £14billion windfall
as MasterCard is taken to task in a claim that it passed unfair charges
on to customers for 16 years.
A
collective action was launched that accuses MasterCard of setting
punitive transaction fees for retailers from 1992 to 2008, which were
passed on to shoppers in the range of higher prices.
All
UK consumers who used Mastercard credit cards, or even cash, cheque, or
any other payment method, for their purchases during that period and
are currently living in the UK will automatically become part of the
claim - and therefore potentially benefit from any payout.
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