Bill > HB260

This bill amends Mississippi state law to allow check cashers and credit availability licensees to pass third-party processing fees for credit and debit card transactions directly to customers, with specific transparency requirements. Under the new provisions, these businesses can charge customers an additional fee equal to the exact transaction cost charged by the third-party processor, but they must provide clear and conspicuous notice before completing the transaction. The required notice must include the specific fee amount, an explanation that the fee is for an alternate payment method, and the types of payment methods to which the fee applies. This change applies to two specific sections of Mississippi Code: Section 75-67-517 for check cashing businesses and Section 75-67-619 for credit availability licensees. The bill aims to give these financial service providers more flexibility in recovering the costs associated with electronic payment processing, while also ensuring customers are fully informed about any additional charges. The amendments will take effect on July 1, 2025, providing businesses time to adjust their practices and update their customer communication protocols.

Business and Industry

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0260.xml