New York State retailers must take cash under new state law
WSTM • • business
Key Points:
- New York State's new law, effective March 21, mandates that food stores and retail businesses must accept cash payments and cannot refuse or charge extra for cash transactions.
- Businesses are prohibited from requiring payment by credit card or other cashless methods, ensuring consumers can use cash without penalty.
- Violations of the law will result in civil penalties of up to $1,000 for the first offense and $1,500 for subsequent offenses.
- Exceptions include stores not having to accept bills over $20, cash payments for remote orders (phone, mail, internet) unless completed in-store, and transactions involving cash-to-prepaid card devices without fees or minimum load amounts above $1.
- Attorney General Letitia James emphasized protecting
