Mo. Senate panel weighs credit card surcharge bill
Missouri Senate panel takes up bill to prevent surcharges for payments by credit card
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.
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Credit card surcharge is SB354
Online:
Legislature: http://www.moga.mo.gov
