Mastercard Sets Aside £100 Million to Repay UK Shoppers Over Past Fees

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7 August 2026 at 5:59 pm

Mastercard Sets Aside £100 Million to Repay UK Shoppers Over Past Fees

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Summary

Mastercard has set aside £100 million to compensate UK shoppers after a former financial ombudsman, Walter Merricks, argued that 46 million shoppers were overcharged due to wrongly levied fees between 1992 and 2008.

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