New Jersey recently enacted legislation that regulates credit card surcharges that may be charged by merchants.
Under the new law, which is effective immediately, a merchant may not impose upon its customers a credit card surcharge that is greater than the actual processing costs paid by the merchant. Although the merchant may recover the credit card processing costs, there may not be any profit.
Failure to comply and keep accurate records will result in penalties and fees from the state.
Associate Partner
Julie has over 20 years of experience in public and private accounting, representing varied clientele including the medical, legal, and real estate industries and trusts.
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