States, Feds Amend Credit Card Company Suit


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.

via States, Feds Amend Credit Card Company Suit.

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