Are Credit Card Surcharges Legal In New York 2024. In february 2024, new york state introduced a law aimed at enhancing transparency around the application of credit card surcharges. Department of state, consumer protection division, credit card surcharge guidance (february 11, 2024).
S1048a into law (which we reported about here) requiring sellers that impose credit card. A new consumer protection law will go into effect on february.
Two States Require Additional Disclosures To Surcharge Credit Card Processing Fees:
This new law will amend and clarify new york’s existing credit card surcharge law.
States Where Credit Card Surcharges Are Illegal.
New york enacts law prohibiting credit card surcharges without proper disclosure.
Earlier This Year, New York Governor Kathy Hochul Signed S.b.
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States Where Credit Card Surcharges Are Illegal.
Currently, credit card surcharging is illegal in the following states and territories:
Earlier This Year, New York’s Division Of Consumer Protection Notified Local Governments Of A New Law That Limited The Ways In Which.
11) limits credit card surcharges to the amount charged to the business by the card company.
New York, New Jersey, Nevada, And South Dakota Prohibit Surcharges From Exceeding The Cost That The Merchant Pays To Accept The Card.