Mo. Senate Panel Weighs Credit Card Surcharge Bill

JEFFERSON CITY, Mo. (AP) – 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 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.

The credit card surcharge bill is SB354.

© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Give Credit» Blog Archive » Credit Card News : Mo. Senate Panel Weighs Credit Card Surcharge Bill – CBS Local » Give Credit

    […] CBS Local […]

blog comments powered by Disqus
Listen Now
Thanksgiving Guide
Make Your Picks!

Listen Live