UK merchants file £1.9 billion in claims over Mastercard fees
2 Nov 1 · 12d ago · 6 comments · 1 source · development 2 of 2
Two new claims filed on behalf of UK merchants in October 2026 seek approximately £1.9 billion over the fees they pay to accept Mastercard, adding legal pressure to the company's European operations as growth slows.
“The profit margins are insane not because they charge a lot of fees but because they charge so little fees that people don't mind paying them multiple times.”
MaximusGoonus1, Reddit commenter · reddit ↗Mastercard Payment processorUK merchants (claimants) Plaintiffs in fee disputes
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What people said 6 voices · verbatim
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idk what your problem is with Visa/Mastercard (I have big problems with them but not because they’re American, but because they try to act as moral gatekeepers and police behavioral eg when they took down the explicit games by refusing to process payments for them). but you can’t really deny they both pioneered the entire industry (was Amex…
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The profit margins are insane not because they charge a lot of fees but because they charge so little fees that people don’t mind paying them multiple times. And also because costs are low because processing 100 transactions vs 100k costs about the same after intital huge investment.
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i thought eftpos was just moving cash from your savings account to the person you're buying from, rather than being any kind of a line of credit like visa or mastercard, right?
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Credit card companies in the US have to adhere to federal laws governing credit cards, AND 50 different state laws governing credit cards.
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You want the convenience provided and pioneered by Americans yet don’t wanna give them their credit? Lmao this is literally just spite
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U.S. did inject enormous sums of money into Western Europe to rebuild it after WW2.
All 2 developments of Mastercard's European growth slows to 10.3%, weakest in two… →
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