Overview

• Businesses in New York are now required to post the total cost of purchases with credit card surcharges, as a new state law took effect Sunday.
• The law aims to prevent hidden fees by mandating clear disclosure of credit card surcharges, enhancing transparency and consumer trust.
• Governor Kathy Hochul signed the legislation, emphasizing the importance of trust and transparency in consumer transactions.
• Credit card surcharges are limited to the amount businesses are charged by processing companies, preventing excessive fees.
• The law does not apply to debit cards, focusing solely on transactions made with credit cards.