NY’s New BNPL Law: What Sellers Must Disclose at Checkout

NY Just Changed Checkout Rules

You now have a legal script to follow for BNPL transactions.

The Clock Starts Now

This isn't a suggestion. If you offer BNPL in New York, you must disclose specific terms before they hit "pay."

Disclose the Total Amount

The final price including fees must sit right next to the payment option. No asterisks buried in footer links.

State the Payment Schedule

Show them exactly when money leaves their account. "Four payments of $25 every two weeks" is clear. Vague promises are not.

Explain How to Cancel

You must provide clear steps for canceling an account or stopping automatic debits. Hiding this info breaks the new rule.

List the Late Fee Policy

Don't surprise them later. The checkout screen needs the exact dollar amount or percentage they'll owe for missing a payment.

Offer a Dispute Process

Tell them where to go if something goes wrong. You need a visible channel for complaints and refund requests on the spot.

Who Does This Hit?

This applies to you, not just the BNPL app. If Klarna or Afterpay sits on your site, your checkout flow shares the liability.

Penalties Start at $100 Per Violation

The DFS can fine you for every single non-compliant transaction. And yes, they can make you refund the fees too.

Secure Your Supply Chain

First BNPL customers expect fast shipping. Spocket connects you with US and EU suppliers who deliver quickly, reducing post-purchase disputes and chargebacks