Bill > A07929

This bill prohibits food stores and retail establishments from refusing to accept cash payments from consumers, with some specific exceptions. The legislation defines key terms like "cash" (which includes U.S. coins and currency but excludes foreign currency), "food store" (establishments selling food or beverages), and "retail establishment" (stores selling consumer goods or services). Businesses are allowed to refuse cash payments for bills over $20 or for telephone, mail, or internet-based transactions not completed on their premises. The bill also prevents businesses from charging higher prices to cash-paying customers compared to those using cashless transactions. If a business violates these rules, they can be fined up to $1,000 for the first offense and $1,500 for subsequent violations. To provide an alternative for cashless businesses, the bill allows establishments to have a device that converts cash to a prepaid card without fees, with provisions ensuring the card has no expiration and unlimited transactions. The law will take effect 120 days after becoming law, and exempts banks and trust companies from these requirements. The primary goal is to ensure consumer access to goods and services for those who primarily use cash, addressing potential discrimination against unbanked or underbanked populations.

Business and Industry, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A7929