Missouri Senate panel weighs ban on charging extra to use credit cards
03/26/2013 7:24 AM
05/20/2014 10:41 AM
Retailers would be barred from charging consumers an extra fee for paying with a credit card under a bill being considered by a Missouri Senate committee.
Sponsoring Republican Sen. Eric Schmitt of Glendale said his bill, SB354, is an important consumer protection as credit card usage grows. Retailers could be charged with a Class D felony for continuing to assess a surcharge.
Opponents say businesses need to charge extra because it’s expensive to allow credit cards as a form of payment. Schmitt says retailers could build that cost into an item’s price rather than charge the extra fee.
The committee did not vote on the proposal Monday.