Bill
Bill > S3697
NJ S3697
Prohibits seller from charging credit card surcharges; establishes notice requirements for credit card minimums and cash discounts.
summary
Introduced
09/30/2024
09/30/2024
In Committee
09/30/2024
09/30/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill prohibits a seller from imposing a credit card surcharge on a customer using a credit card for a transaction occurring in the State. Under current law, a seller may impose a credit card surcharge that is no greater than the actual cost to the seller to process the credit card payment. The bill also establishes certain notice requirements for sellers that condition the acceptance of a credit card on a minimum transaction amount and for sellers that offer a discount on transactions to induce payment by cash, check, or debit card rather than by credit card. The bill does not apply to the existing notice requirements for motor fuel retail dealers that sell similar fuels at different prices to customers that use cash and customers that use credit cards.
AI Summary
This bill prohibits sellers in New Jersey from imposing a credit card surcharge on customers. It also establishes notice requirements for sellers that condition the acceptance of a credit card on a minimum transaction amount and for sellers that offer a discount for payment by cash, check, or debit card rather than by credit card. The bill does not apply to existing notice requirements for motor fuel retail dealers that sell similar fuels at different prices based on the payment method.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 09/30/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S3697 |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3697_I1.HTM |
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