Colorado passed a new law this week jettisoning its ban on credit card surcharges, leaving only two states with such prohibitions as a nationwide legal campaign against the ban gains ground.
The new law signed by Colorado’s Democratic Gov. Jared Polis July 7 also allows a surcharge of two percent on the value of credit card transactions, or a surcharge equal to a merchant’s cost to process the transaction. The change ushers in a new era for merchants in that state and leaves just Massachusetts and Connecticut with bans, according to a card processor that’s been fighting the bans in court. Colorado’s new law is scheduled to take effect next July.
