Ask Reggi Your Question Now
Can you summarize MNST 325G.051?
CONSUMER PROTECTION; SOLICITATION OF SALES > SURCHARGES ON CREDIT CARDS.
Short Summary
This legal document governs the imposition of surcharges on credit card transactions. Sellers of goods or services are allowed to impose a surcharge on purchasers who choose to use a credit card instead of cash, check, or similar means. The surcharge must be communicated to the purchaser orally at the time of sale and through a conspicuously posted sign. The surcharge cannot exceed five percent of the purchase price. However, sellers who establish and are responsible for their own customer credit card are prohibited from imposing a surcharge. The document defines a surcharge as a fee or charge that increases the price of goods or services when a credit card is used. It clarifies that discounts offered to buyers who pay with cash, check, or similar means are not considered surcharges. Violations of this section may result in a civil penalty of up to $500, and sellers must refund the surcharge to each buyer.
Whom does it apply to?
Sellers of goods or services and purchasers who use credit cards for payment
What does it govern?
Surcharges on credit cards
What are exemptions?
Sellers who establish and are responsible for their own customer credit card
What are the Penalties?
Civil penalty of not more than $500 and refund of the surcharge to each buyer
Jurisdiction
Minnesota