A ban on cashless retail and food establishments was passed by the New York City Council on Thursday, according to the council’s website. The bill prohibits establishments from refusing to accept cash and from charging customers who pay cash a higher price than cashless customers.
The bill penalizes operators up to $1,000 for the first violation and up to $1,500 for each following violation. There are some exceptions to the ban, establishments don’t have to accept cash denominations over $20 and transactions made completely online, by phone or mail are excluded.
Source: www.retaildive.com
