Vermont’s new credit card law
Under the new law, credit card companies must allow merchants to offer discounts and incentives based on the customer’s form of payment. For example, a merchant will be able to offer a three percent discount if the customer pays in cash. The companies also must allow merchants to accept certain cards at some locations and not others, and to impose a credit card minimum of $10 if it is clearly disclosed to consumers.
States, Feds Amend Credit Card Company Suit