// Retailers declare war on Visa and Mastercard over card payment fees
// Levi, Superdry and AllSaints are being advised by lawyers at Stephenson Harwood
Retailers are set to pile pressure on credit card giants Visa and Mastercard after fresh claims over card payment fees.
Fashion retailers Levi, Superdry and AllSaints are declaring war on the credit card companies’ high transaction fees.
The retailers are being advised by lawyers at Stephenson Harwood.
They are seeking compensation for historic charging fees in breach of competition laws.
The claims were brought forward just days after Amazon said it would block customers from shopping with Visa credit cards on the website in the UK.
Amazon said it would be forced to stop accepting credit cards from 19 January. This is due to Visa’s “high fees” after Brexit.
Visa said the legal battle over interchange fees was not related to Amazon’s decision.
“Visa considers all claims relating to interchange to be without merit and will be vigorously defended,” Visa said.
Mastercard said: “We firmly believe that retailers of all sizes derive real value from our network and we are committed to supporting our retail partners to adapt and grow their businesses through this challenging time.”
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