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Credit card fees: new rules in New York will help buyers control this process


Alina Prikhodko

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As of February 11, New York State businesses must comply with new rules for charging customers additional fees when paying with a credit card. According to News10, these new rules appeared after they signed Bill #2672.

The bill imposes special requirements for additional fees on customers' credit cards. Sellers will be required to post the highest price a buyer can pay when using a credit card, as well as the price offered when using another payment method, such as cash, check or debit card.

Screenshot from the site

Any markup should be no more than what the credit card provider charges the business. Failure to comply may result in a fine of $500 per violation.

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