State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal outcomes, it is, ultimately, consumer sentiment that may push the practice of surcharging to the wayside. As reported here on...
New York state has begun requiring merchants to provide greater transparency about credit card fees. A state law that went into effect Sunday (Feb. 11) limits credit card surcharges to the amount charged to the business by the card company. In addition, the law requires businesses to...
State by state, depending on where one looks, merchants’ ability to surcharge may face pressure. To that end, at the end of last month, New Jersey’s state legislature voted unanimously to cap the surcharges that merchants can levy on their customers. In addition, the bill...
A little knowledge can go a long way. This might be sage advice to the growing number of merchants levying surcharges on credit card transactions to help cover card processing costs and boost income, a common practice permissible by law in all but a handful...
February 12, 2024
State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal outcomes, it is, ultimately, consumer sentiment that may push the practice of surcharging to the wayside. As reported here on Monday (Feb. 12) and as is the law of the […]
February 11, 2024
New York state has begun requiring merchants to provide greater transparency about credit card fees. A state law that went into effect Sunday (Feb. 11) limits credit card surcharges to the amount charged to the business by the card company. In addition, the law requires businesses to post — prior to checkout — the total price of […]
December 30, 2016
The ban on credit card surcharges in New York got support from the New York Credit Union Association (NYCUA), which filed an amicus brief with the U.S. Supreme Court in...
