The Merchant Battle Worth €68bn
On the 17th June 2020, the UK Supreme Court found the interchange fees set by Visa and Mastercard to be anti-competitive, providing a clear opportunity for the European merchant community to reclaim a potentially significant portion of their interchange fees. Given that interchange fees are fixed, non-negotiable and, in many cases, so large they are a merchant’s third largest cost item - after labour and rent - this was a ground-breaking triumph for the merchant community.
Contained within the whitepaper is the full history of interchange litigation cases, the complexities merchants need to consider, and the steps you need to take to lodge a successful claim.
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