Should Stores be Required to Accept Cash?
by
Jackie Botts/CalMatters
on
February 18, 2020 at 4:34PM
People between the ages of 25 and 44 pay with cash less often than people who are older or younger — about one-fifth of the time, compared with one-third, according to a 2019 study by the Federal Reserve Bank of San Francisco. Under the proposed law, cashless transactions would be legal, but if a business turns away a customer who only has cash, it could face a civil penalty between $25 and $500.
