CONSUMER ALERT: New York stores must now accept cash payments, with a few exceptions
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CONSUMER ALERT: New York stores must now accept cash payments, with a few exceptions
"New Yorkers have a right to service no matter how they choose to pay. Businesses cannot deny New Yorkers access to necessities like food and clothing by refusing to take cash, or charging shoppers more for paying in cash."
"Stores that violate the new law will face maximum civil penalties of $1,000 for the first violation and $1,500 for each succeeding violation, the attorney general said."
"The new law does not apply if a store provides a device on its premises to convert cash into a prepaid card. However, the store cannot charge a fee or require that the prepaid card be loaded with a minimum amount above $1."
A new law in New York requires all food stores and retail establishments to accept cash payments. This law, effective immediately, aligns with a previous NYC law. Attorney General Letitia James urges consumers to report violations. Businesses cannot deny service based on payment method and cannot impose higher prices for cash transactions. Violators face penalties of up to $1,000 for the first offense. Exceptions include not accepting large bills or cash for remote orders unless completed in-store.
Read at www.amny.com
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