EAI Community |New York stores are now required to post the extra charges for paying with a credit card

2025-05-03 17:45:38source:TAIM Exchangecategory:Finance

ALBANY,EAI Community  N.Y. (AP) — Businesses in New York are now required to clearly post exactly how much their products will cost if customers pay with a credit card, under a new state law that took effect Sunday.

The consumer protection law means stores can no longer post a sign on a door and at the register stating that credit card purchases will be subject to surcharges.

Instead, they will either need to list the higher credit card price next to a lower cash price, or they can just change the cost of items to the credit card price for everyone.

“New Yorkers should never have to deal with hidden credit card costs, and this law will ensure individuals can trust that their purchases will not result in surprise surcharges,” Gov. Kathy Hochul, a Democrat who signed the law late last year, said in a statement.

The new measure, which doesn’t apply to debit cards, will also limit credit card surcharges to the amount businesses are charged by processing companies.

The Partnership for New York City, a nonprofit business group, said in a statement that they support the legislation, adding this type of disclosure will “increase consumer trust in business, which will have long term benefits for all concerned.”

More:Finance

Recommend

How effective is the Hyundai, Kia anti-theft software? New study offers insights.

Kia and Hyundai’s anti-theft software upgrades have deterred car thieves, but theft claims remain el

North Carolina football player Tylee Craft dies from rare lung cancer at 23

The AP Top 25 college football poll is back every week throughout the season!Get the poll delivered

Nevada high court to review decision in ex-Raiders coach Jon Gruden’s lawsuit over NFL emails

LAS VEGAS (AP) — Former Las Vegas Raiders head coach Jon Gruden will get a full Nevada Supreme Court