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Why are Mastercard paying out?
Mastercard agreed to a £200 million settlement fund last year. This came after claims that they charged unlawful interchange fees to businesses, which were then passed on to consumers through higher prices. This type of legal action is known as a collective settlement, aiming to compensate a large group of affected individuals.
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Millions of UK shoppers could claim £70 each from a Mastercard settlementRelated explainers
Am I eligible for a claim? How do class actions work? What are interchange fees? Who regulates payment systems? Why does aid run out? Why do charities speak out? What is a 'clear-out'? Why do clubs miss out?The full catalogue
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