A new law that will amend New York State’s existing credit card surcharge law will go into effect on February 11.
The law was signed by Governor Kathy Hochul on December 13, 2023.
The governor’s office said it provides greater transparency and protections for consumers by:
- Limiting credit card surcharges to the amount charged to the business by the credit card company; and
- Requiring businesses to post before checkout:
- the total price of an item or service inclusive of the credit card surcharge; or
- a two-tiered pricing option, which requires the credit card price to be posted alongside the cash price.
“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. Transparency is crucial in building trust between businesses and communities and now patrons will be empowered to budget accordingly.”
– Gov. Hochul