Particle.news
Download on the App Store
11 ARTICLES
·
last wk.

Mastercard £200 Million Settlement Approved for UK Consumer Compensation

The Competition Appeal Tribunal has finalized the distribution plan, allowing 46 million eligible UK shoppers to claim payouts of £45–£70 by the end of 2025.

Image
Virtually all UK consumers who shopped at major retailers from 1992 to 2008 were affected the legal claim argued (Photo: Thomas White/Reuters)
Image
Image

Overview

  • The settlement follows a 2016 class action lawsuit led by Walter Merricks after a 2007 European Commission ruling found Mastercard's fees violated competition law.
  • Consumers who shopped at retailers accepting Mastercard between 1992 and 2008 can claim compensation, even if they never held a Mastercard.
  • The finalized £200 million settlement is significantly lower than the original claim of £10–£15 billion but was deemed fair by the tribunal.
  • Eligible UK consumers will soon be able to register online to claim payouts, with payments expected to be distributed by the end of 2025.
  • Unclaimed funds from the settlement will be allocated to the Access to Justice Foundation to support legal advice and justice initiatives.