New Jersey Moves To Ban “Checkout Fee” Surcharges

By PYMNTS | February 1, 2013

New Jersey senators are introducing a bill that would outlaw the “checkout fee” credit card surcharges made legal last week by the Visa-MasterCard swipe fee settlement.

Democrats Jim Whelan, Bob Gordon and Nia G. Hill have proposed the bill, which would make New Jersey the 11^th U.S. state to prevent retailers from enacting the surcharge. As of January 27, retailers are allowed to charge consumers a fee up to equal the amount they must pay in processing fees whenever a credit card is used to complete a transaction.

New Jersey would join California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas in this regard, notes BankCreditNews.com.

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