In 2020, a “cashless ban” will begin to operate in New York: what does it mean
In 2020, in New York, the rules for calculating goods and services in stores will change. Under new legislation, businesses will be required to accept cash payments from customers. This publication writes Daily News.
New York City Council is due to enact legislation to ensure such changes this Thursday, January 23, 2020.
About the bill
The bill of City Councilor Richie Torres (D-Bronx) will require all businesses selling any goods and services to accept cash from customers. Otherwise, businessmen risk paying a fine of up to $ 1500.
«Безналичный запрет», который, как ожидается, вступит в силу примерно через девять месяцев, также запрещает магазинам взимать с покупателей более высокие цены за оплату наличными. «В Нью-Йорке больше не будет предприятий, владеющих правом отказываться от наличных денег и таким образом дискриминировать клиентов, не имеющих доступа к кредитам и дебетовым платежам, — сказал Торрес. — Город Нью-Йорк не может позволить цифровой экономике оставить безучастными 25% ньюйоркцев, которые не используют банковские услуги или используют их в неполной мере».
In what cases are shops allowed to refuse cash payments
At the same time, the source notes, stores will still be able to refuse banknotes with a face value above $ 20, as well as accept cash payments for transactions made on the Internet, by phone or by mail.
On the subject: 9 things you should not spend money and time in New York
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