Sales transaction; maximum permissible surcharge amount for credit cards; maximum permissible service fee amount; effective date.

Summary

The bill allows sellers to offer unlimited cash or debit discounts but caps any surcharge on credit‑card payments at 2% of the purchase or the actual processing cost, whichever is lower. It also permits certain schools, municipalities and public trusts to charge a service fee of up to 4.5% of the transaction, subject to documentation and oversight. Sellers must post clear notices of any surcharge and keep records for two years.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share