Mastercard paying customers up to £70 each even if you don't have one

MASTERCARD IS SET TO HAND OUT £200 MILLION TO CUSTOMERS AFTER A MAJOR LEGAL CHALLENGE THAT WAS LAUNCHED ALMOST A DECADE AGO 14:01, 20 May 2025 Mastercard is set to pay out £200million in

compensation after a huge new legal ruling from the Competition Appeal Tribunal. The payouts are due after consumers lost out financially due to Mastercard's "unlawfully high"

card fees, reports MirrorOnline. The long-running case has been ongoing for the past ten years, with Walter Merricks, a former financial ombudsman, having first launched the legal claim in

2016. READ MORE: GOVERNMENT COULD CHANGE £425 CAR TAX FOR UK DRIVERS AFTER DEMANDS GET BREAKING NEWS ON BIRMINGHAMLIVE WHATSAPP , CLICK THE LINK TO JOIN According to Merricks, customers are

set to receive payments worth up to £70 each from the overall £200million settlement. Article continues below British consumers will soon be able to register to receive a payment by

completing an online form, regardless of whether they have ever held a Mastercard. Merricks said it was anticipated payments will be made to consumers who registered before the end of the

year. But it was not clear how the money would be distributed to those affected. The case is one of the biggest settlement of a group litigation for the benefit of UK consumers. The final

figure is significantly lower than the £10 to £15billon Merricks claimed shoppers were originally owed. He said: "I started this case because I believed Mastercard’s fees paid by

retailers for processing card transactions had been unlawfully high and virtually all UK consumers had lost out for long by periods paying higher prices than they should have done as

retailers passed on those costs. "As the evidence came to be known through the litigation process, this was the position only in a relatively small proportion of transactions and the

settlement reflects that. "The settlement that has been finally approved represents a fair and just outcome for UK consumers. "On any view, recovering £200million by way of a

settlement for UK consumers is a huge sum, and that will translate into a meaningful impact in the pockets of UK consumers. Article continues below "During the long course of the case

which involved winning a key Supreme Court decision, I have established important precedents to ensure that other collective actions that have followed mine, will have a greater prospect of

succeeding. "And I am pleased to have forged this new path towards a UK regime that allows consumers to get meaningful access to justice, and that will act as a deterrent to companies

from acting unlawfully. "I am proud to have achieved a substantial settlement sum, indeed the largest settlement for a group of UK consumers through the English courts."