Bill > SB1162

This bill prohibits businesses in Hawaii from requiring cash-only payments for transactions of $25 or more, mandating that businesses must accept credit or debit cards as payment methods for these transactions. The legislation is motivated by several key findings, including the economic and social costs of cash-only transactions, particularly for unbanked and underbanked populations, and the potential for cash transactions to facilitate tax evasion. The bill allows businesses to charge a convenience fee for credit or debit card transactions, but limits this fee to the actual service fee imposed on the business by the payment processor. The legislative intent is to promote a more inclusive and transparent economic environment, reduce barriers to financial participation, and increase accountability in commercial transactions. By requiring electronic payment options for transactions above $25, the bill aims to modernize payment practices, support digital payment systems, and protect consumers' access to diverse payment methods. The new law will take effect immediately upon approval and does not impact any rights, penalties, or proceedings that existed prior to its implementation.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1162&year=2026