The PRICE Act mandates real-time cost transparency for third-party delivery platforms.
The Promoting Real-time Information on Cost Expenditure Act, or PRICE Act, requires third-party delivery platforms to adhere to specific pricing practices. These platforms must display the price of items ordered, excluding taxes, and any delivery fees before the user completes their order. Additionally, the platforms must provide a clear explanation of any delivery fees, including their amount, purpose, and refundability. The Federal Trade Commission enforces these requirements, treating violations as unfair or deceptive practices.
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