The EU Commission fines a credit card company for obstructing merchants’ access to cross-border card payment services (Mastercard II)

Antitrust: Commission fines Mastercard €570 million for obstructing merchants' access to cross-border card payment services* The European Commission has fined the card scheme Mastercard €570 566 000 for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the Single Market, in breach of EU antitrust rules. Commissioner Margrethe Vestager, in charge of competition policy, said: “European consumers use payment cards every day, when they buy food or clothes or make purchases online. By preventing merchants from shopping around for better conditions offered by banks in other Member States, Mastercard's rules artificially raised the costs of card payments, harming consumers and retailers in the EU.” Mastercard is the second

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European Commission, The EU Commission fines a credit card company for obstructing merchants’ access to cross-border card payment services (Mastercard II), 22 January 2019, e-Competitions Bulletin January 2019, Art. N° 88893

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