New York has passed a law requiring stores to accept cash, banning retailers from refusing it as payment. The aim is to protect access to basic goods for low-income, elderly, and unbanked residents in an increasingly cashless economy. The bill now awaits the governor’s signature.
USA: New York Passes Law Requiring Stores to Accept Cash
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Author: Ivana Picajkić
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Fiscal subject related
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Content accuracy validation date:
23.06.2025
Content accuracy validation time:
09:14h
New York has passed a new law that requires stores to accept cash. The bill, approved by both chambers of the state legislature, prohibits food stores and retail businesses from refusing cash payments.
The goal of the law is to ensure that everyone, especially low-income individuals, seniors, and people without bank accounts, can buy basic goods and services, even as more businesses move toward digital-only payments.
Supporters of the law say it’s about fairness and inclusion. They argue that no one should be denied essentials like food or water simply because they don’t have a credit or debit card.
The bill is now awaiting the governor’s signature to become law.
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