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Shoppers have been ripped off by as much as £400 each due to unfair chip and pin charges in shops, lawyers preparing a historic class action case against MasterCard have claimed.
Millions of consumers stand to receive hundreds of pounds in compensation as the result of a £19 billion pound claim being launched against MasterCard over “illegal” card charges.
Consumer rights campaigners say shoppers were kept in the dark about the charges they were being forced to pay when using their cards.
Millions of consumers stand to receive hundreds of pounds in compensation as the result of a £19 billion pound claim being launched against MasterCard over “illegal” card charges.
Consumer rights campaigners say shoppers were kept in the dark about the charges they were being forced to pay when using their cards.
The claim against MasterCard is the biggest in UK legal history and will be one of the first under the Consumer Rights Act 2015, which allows a collective damages claim to be brought on behalf of a class of people who have suffered loss.
The class action against MasterCard is being brought by Walter Merricks, the former Chief Financial Ombudsman, who during his 10 years in charge of the watchdog won billions of pounds of compensation for the victims of mis-selling by financial institutions.
Boris Bronfentrinker, lead partner at Quinn Emanuel, which is handling the case for Mr Merricks, said: “This is precisely the type of claim for which the new collective action regime was established.
