Bill > HB726

This bill amends Georgia's existing commerce code to limit the amount of surcharges that merchants can charge customers who use credit cards. Specifically, the legislation prohibits merchants from imposing a credit card transaction fee that exceeds the actual cost of processing that transaction. This means that when a customer uses a credit card to make a purchase, the additional fee charged by the merchant must be directly tied to and no higher than the merchant's true processing costs, which can include fees charged by credit card companies and banks. By adding this provision, the bill aims to protect consumers from excessive credit card surcharges and ensure that any additional charges are reasonable and directly related to the merchant's own transaction processing expenses. The bill follows the standard legislative format of adding a new subsection to existing law, and includes a standard clause repealing any conflicting laws to ensure the new provision can be implemented smoothly.

Business and Industry

https://www.legis.ga.gov/legislation/71135