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Primary Sponsor

Last Action

Re-ref Com On Rules, Calendar, and Operations of the House2025-09-23

Vote Breakdown

No floor votes recorded.

Plain Language Summary

This bill caps the amount merchants in North Carolina can charge customers for credit or charge card payments at 2% of the transaction total, requires clear disclosure of these fees at points of sale, and prohibits charging card fees when no other payment method is available. The bill also increases the filing fee for nonprofit corporation articles of incorporation from $60 to $65.

Arguments in Favor

• •Supporters argue this bill protects consumers from excessive credit card processing fees that can add up significantly, especially on large purchases.
• •They contend that merchants should bear reasonable processing costs rather than shifting them entirely to customers, and that transparent disclosure helps consumers make informed payment choices.
• •Proponents also note the bill allows merchants to offer cash discounts as an alternative incentive.

Arguments Against

• •Opponents argue the bill may increase costs for small businesses that rely on credit card transactions and have limited profit margins, potentially forcing them to raise prices for all customers or reduce services.
• •They contend that a 2% cap may not cover actual processing fees charged by payment processors, and that merchants should have flexibility to set their own fees as part of normal business operations.
• •Some also question whether state regulation of private pricing between merchants and payment processors is appropriate.