Stores across the state of New York must allow customers to pay in cash under a new law that came into effect this week, according to Finextra. Under the law, food stores and other retail establishments cannot require consumers to pay by credit card or use another cashless transaction method to complete their purchase. They also cannot charge consumers a higher price if they pay in cash.
The law passed both houses of the New York State Legislature last year before securing the signature of Governor Kathy Hochul, bringing the state in line with New York City, which has had similar rules in place since 2020.
New York Attorney General Letitia James has issued a consumer alert encouraging people who believe a store is violating the new law to submit a complaint. Says James: „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.”
Credit photo: Finextra
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