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Businesses may need to be forced to accept coins and banknotes, to make sure the UK does not drift into a loss of cash acceptance for those who rely on it, the Treasury Committee has warned.
Some exceptions applied. Another previous bill, Senate Bill 1979, aimed to enact similar requirements for businesses to accept cash payments. The senate bill also died in January.
DEMOCRAT JOHN FETTERMAN DECLARES SUPPORT FOR ICE, CONDEMNING ANY CALLS FOR ABOLITION AS ‘OUTRAGEOUS’ It also allows exceptions if a person cannot accept cash payment due to ... use paper currency if ...
“We prefer customers pay cash," co-owner Jason Saposnek shared. "A lot of small businesses do, and being able to keep 100% of $500 is preferable to keeping, you know, 95% of $500.” ...
Can KS businesses legally refuse cash or coin payments? US and Kansas state law allow for card-only transaction rules, but proposed bills aimed to require it.