New Jersey Limits Credit Card Swipe Fees On Shoppers

New Jersey reins in credit card swipe fees for shoppers.

A pile of credit cards against a white backdrop.
(Image credit: Peter Dazeley, Getty Images)

New Jersey passed a new law recently that limits the amount of credit card surcharges, or so-called “swipe fees,” that businesses can pass on to customers, taking action on an issue that Congress is considering and several other states have already tackled.

Under the law, which is now in effect, merchants may only charge customers the same cost of the swipe fees that they themselves pay to banks and credit card networks. The law also requires merchants to disclose the amount of the surcharge to customers before checkout.

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Esther D’Amico
Senior News Editor

Esther D’Amico is Kiplinger’s senior news editor. A long-time antitrust and congressional affairs journalist, Esther has covered a range of beats including infrastructure, climate change and the industrial chemicals sector. She previously served as chief correspondent for a financial news service where she chronicled debates in and out of Congress, the Department of Justice, the Federal Trade Commission and the Commerce Department with a particular focus on large mergers and acquisitions. She holds a bachelor’s degree in journalism and in English.