A new state law in New York has been implemented to address transparency in credit card surcharge fees. The law requires businesses to either advertise the higher credit card price as the standard or display both a credit card price and a cash price. This new regulation aims to increase honesty and transparency for consumers, as many have expressed feeling deceived when faced with unexpected credit card surcharge fees. Violators of the law could face fines of up to $500, and consumers who believe they have been unfairly charged can file complaints with the New York State Division of Consumer Protection.
This new law has been welcomed by many New Yorkers, including Corie Kevelson of Westbury and Plainview shopper Steven Saunders. Kevelson expressed approval for the increased transparency, stating that it is a positive step for customer satisfaction. Saunders also voiced his support, citing his own experience of feeling misled by hidden surcharge fees. With the implementation of this law, businesses are required to be more transparent and upfront about credit card surcharge fees, ultimately benefiting consumers and promoting fair business practices. It is now up to businesses to comply with the new regulations, as violations could result in fines and legal complaints filed by consumers.
In light of the new law, businesses in New York are now obligated to be more transparent about credit card surcharge fees, either by advertising the higher credit card price as the standard or displaying both a credit card price and a cash price. Supporters of the law, such as Corie Kevelson and Steven Saunders, believe that this will lead to increased honesty and customer satisfaction. Those who fail to comply with the new regulations could face fines of up to $500, and consumers are encouraged to file complaints with the New York State Division of Consumer Protection if they believe they have been unfairly charged. Overall, the implementation of this law is expected to bring about positive changes for both businesses and consumers in New York.
