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A second set of provisions applies to both credit and debit card transactions. Visa and MasterCard impose an all-or-nothing requirement on businesses, requiring them to accept cards even on small transactions, and prohibiting businesses from offering discounts based on the method of payment. The amendment strikes those rules.
Many small businesses already violate the rules. The National Federation of Independent Business reported in a 2008 survey that 13 percent of respondents required a minimum purchase before a customer could use a card, and 14 percent offered a cash discount. The amendment would provide legal shelter for chain stores to adopt similar policies.
