Bill > H3971

This bill amends the South Carolina Code of Laws by adding a new provision requiring retail businesses with in-person payment options to accept cash payments for transactions up to $2,000. The legislation specifically mandates that any establishment holding a retail license in South Carolina must accept cash as a valid form of payment when a customer is physically present to make a purchase. The bill includes an important exemption for automated services and online transactions, meaning businesses are not required to accept cash for transactions conducted through machines or over the internet. The new law would take effect immediately upon receiving the Governor's approval, aiming to ensure that consumers who prefer or only have access to cash can complete retail purchases in person. This type of legislation is often proposed to address concerns about financial inclusion and to prevent discrimination against individuals who may not have access to credit or debit cards.

Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=3971&session=126&summary=B