Missouri Senate panel weighs ban on charging extra to use credit cards

03/26/2013 7:23 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.

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