Change from October could lead to higher prices for those paying with UK-issued cards
Mastercard is to increase the fees it charges EU firms to take payments from online shoppers from the UK by at least 500%, in a move that could mean higher prices for consumers.
The company charges 0.3% to process credit card payments and 0.2% to handle debit card payments but it has told EU firms that these will increase to 1.5% and 1.15% respectively from 15 October.
