New York Implements New Credit Card Surcharge Transparency Law

The law, effective as of Sunday, mandates businesses to clearly display credit card surcharges, aiming to eliminate hidden fees and foster consumer trust.

Businesses in New York are now required to post the total cost of purchases with credit card surcharges, as a new state law took effect Sunday.
The law aims to prevent hidden fees by mandating clear disclosure of credit card surcharges, enhancing transparency and consumer trust.
Governor Kathy Hochul signed the legislation, emphasizing the importance of trust and transparency in consumer transactions.
Credit card surcharges are limited to the amount businesses are charged by processing companies, preventing excessive fees.
The law does not apply to debit cards, focusing solely on transactions made with credit cards.