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  • FIRST POST
    • 18cc
    • By 18cc 16th Apr 19, 2:48 PM
    • 1,469Posts
    • 1,073Thanks
    18cc
    Almost every adult in the UK might get a 300 refund from MasterCard
    • #1
    • 16th Apr 19, 2:48 PM
    Almost every adult in the UK might get a 300 refund from MasterCard 16th Apr 19 at 2:48 PM
    https://www.theguardian.com/business/2019/apr/16/mastercard-court-ruling-paves-way-14bn-class-action


    I'll believe it when i see it.
Page 2
    • phillw
    • By phillw 20th Apr 19, 7:51 AM
    • 2,367 Posts
    • 1,900 Thanks
    phillw
    @Bob:
    That's a fair point. Customers paying by cash are subsidizing card customers. No doubt and the retailer cannot have a dual-pricing policy based on the method of payment.
    Originally posted by bd10
    Cash handling is increasingly more expensive. While some retailers may take money out of the till to pay themselves, larger shops do not. That is why the supermarkets started offering cash back, they don't want to have to bank it as it costs too much

    I really cant agree with this legal action. Credit and charge card company's have always charged fees to retailers from the very beginning and retailers have absorbed these fees into the their pricing on the basis that accepting the card will get them more custom or prevent the customer from going elsewhere.
    Originally posted by Ben8282
    My understanding of the article is that there was a limit placed on the fees by law and they exceeded the limit. The court case will revolve around that, not because people want free money.
    Last edited by phillw; 20-04-2019 at 8:02 AM.
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