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New Jersey is the only state in the US with this type of surcharge program. In the last few years, [when?] the state has charged drivers $583 million in surcharge fees, but the majority of those charged could not afford to pay the fines and had their driving privileges suspended because of their inability to pay. [2]
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A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
Companies with income up to $100,000, but greater than $50,000 pay a rate of 7.5% and companies with incomes of $50,000 or less pay a rate of 6.5%. [2] Under a budget deal reached on June 30, 2018, New Jersey's the rate will rise to 11.5% for companies with income over $1 million for the next two years.
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
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