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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 9 : Commerce and Trade

Chapter 063 : CONSUMER PROTECTION

Subchapter 004 : PREVENTION OF CREDIT CARD COMPANY UNFAIR BUSINESS PRACTICES

(Cite as: 9 V.S.A. § 2480p)
  • § 2480p. Electronic payment systems

    With respect to transactions involving Vermont merchants, no electronic payment system may directly or through any agent, processor, or member of the system:

    (1) impose any requirement, condition, penalty, or fine in a contract with a merchant to inhibit the ability of any merchant to provide a discount or other benefit for payment through the use of a card of another electronic payment system, cash, check, debit card, stored-value card, charge card, or credit card rather than another form of payment;

    (2) impose any requirement, condition, penalty, or fine in a contract with a merchant to prevent the ability of any merchant to set a minimum dollar value of no more than $10.00 for its acceptance of a form of payment, provided that if a minimum dollar value is set by a merchant, it shall be prominently displayed and printed in not less than 16-point boldface type at the point of sale;

    (3) impose any requirement, condition, penalty, or fine in a contract with a merchant to inhibit the ability of any merchant to decide to accept an electronic payment system at one or more of its locations but not at others. (Added 2009, No. 116 (Adj. Sess.), § 2, eff. Jan. 1, 2011.)