How to claim PS70 even if you’ve never used Mastercard
If you spent money in the UK between 1992 and 2008, you could be owed up to PS70 – even if you never used or had a Mastercard.
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After a long legal battle, Mastercard has been ordered to compensate millions of shoppers for charging unfair fees years ago.
The fees were originally paid by shops when people used their cards, but those extra costs were quietly passed on to customers through higher prices.
Now, we could finally get some of that money back.
Who can claim?
You could be entitled to a payout if:
- You lived in England, Wales or Northern Ireland for at least three months between June 1997 and June 2008, or
- You lived in Scotland between May 1992 and 2008, and
- You bought things from UK shops that accepted Mastercard.
It doesn’t matter if you used a Mastercard or even had one at the time.
How much could you get?
A total of PS100 million has been set aside to pay out claims.
If around 5% of the 46 million eligible people claim, each person will get PS45.
But if fewer people come forward, the payout could go up to PS70 per person.
There’s also a deadline. If 5% of 46 million eligible people claim, each person will receive PS45.
But if fewer people come forward, the payout could go up to PS70 per person. How to claim
Details on how to fill out the online form and register will be released soon. We will update this page as soon as we receive the information. The claim is being led by Walter Merricks, a former financial ombudsman, who said this payout is a “fair and just outcome” for UK shoppers.
Why is this happening?
Back in 2007, the European Commission found Mastercard had broken competition law by charging high fees to retailers between 1992 and 2008.
Although these fees weren’t paid directly by shoppers, they led to prices being higher in shops, so consumers lost out.
Now, some of that money is being handed back.
Don’t miss your chance
This is one of the biggest consumer compensation cases ever seen in the UK.
As soon as the claim window is open, it won’t take long, and you could claim back money that’s rightfully yours. We will update Skint Dad’s readers when the claim website is live.
Read next:
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Ultimate list of free money offers – worth over PS500
Ricky Willis is the original Skint Dad. Money-making enthusiast and father to Naomi. He’s always on the lookout for new ways to make a little more money.
