Think again. This is how reasonable people approach price hiking.
Uk citizens can expect a £300 payout in a £14 bn class action law suit against MasterCard.
https://www.theguardian.com/business/20 ... ass-action
Still think price hiking is ok?
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Are you assuming that the retailer added the fees to its products or services?
pew, pew, pew, pew!
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The tribunal originally rejected Merricks’s claim partly because it could not find clear evidence about how the Mastercard fees had been passed on to consumers – or absorbed by retailers – and how individual losses could be calculated. But the court of appeal found that was not a basis for rejecting certification for a court action.
Merricks said the maximum payout would be about £300 for anyone who can prove they were in the UK in the 16 years between 1992 and 2008.
In total, Merricks said 46 million adults could qualify and they need never have held a Mastercard. His case rests on the fact that higher prices would have been paid by all consumers during the period.
Merricks said the maximum payout would be about £300 for anyone who can prove they were in the UK in the 16 years between 1992 and 2008.
In total, Merricks said 46 million adults could qualify and they need never have held a Mastercard. His case rests on the fact that higher prices would have been paid by all consumers during the period.
Then your headline is erroneous as it’s not proven where or who absorbed the fees.
MasterCard hasn’t “hiked its price” at all just charged for the use of its card.
Besides which who are you speaking to? Who did say it was ok?
MasterCard hasn’t “hiked its price” at all just charged for the use of its card.
Besides which who are you speaking to? Who did say it was ok?
pew, pew, pew, pew!
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