On August 18, New Jersey Governor Phil Murphy signed into law A4284, which prohibits sellers from imposing certain surcharges for credit card transactions. Specifically, the law prohibits sellers from charging more than what they pay to process credit card transactions. The law also requires sellers to disclose and post notices of the surcharge prior to the consumer incurring the charge.
In the press release announcing passage of the new law, Governor Murphy stated the legislation built upon his efforts “to protect New Jersey consumers by improving transparency and curtailing unfair practices that disproportionately burden low- and moderate-income New Jerseyans.”
A4284 took effect upon enactment.
Troutman Pepper will continue to monitor for states that have enacted laws regarding convenience fees and surcharges along with any network rule changes.