ALBANY, 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.
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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.”
Hah! How many stores actually put prices on the items anymore or even reasonably near it – and accurate? Everything now is “use the price checker”. Stores have been flouting the pricing laws for so long, that they think “price checkers” comply with the law (they don’t).
One store had real chutzpah. 5 varieties of chips. 4 rung up a lower price, 1 variety a higher price. Manager came over to “fix” it. He raised the prices on the 4 lower ones and said those were wrong. I told him that HE’S wrong and promptly walked out, leaving him with $300+ of food, already rung up and bagged.
Crazy to be charged a fee for using a credit card.
Either u get ripped off with your cash in your pocket or robbed by store management
Such thoughtfulness
Must make a buck everyday u can