Starting Feb 11th, NY State businesses must post both credit card & cash prices, charge no more than their credit card provider fees, and face up to $500 fines per violation under Assembly Bill 2672.

Starting February 11th, New York State businesses will be required to follow new guidelines for charging customers additional fees when using credit cards. Assembly Bill 2672 mandates that vendors must post the highest price a consumer may pay if they choose to pay with a credit card, as well as the price they offer if a customer uses cash, check, or debit card as a payment method. Businesses can only legally charge a surcharge that is less or equal to the amount they pay the card companies. They cannot add any percentage they want to a transaction and must display both the credit card and cash price. Businesses found charging customers more than the amount charged to the business by its credit card provider could face fines of up to $500 per violation.

February 06, 2024
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