A bill has been introduced in the North Carolina House that would force all retail businesses across the state to accept cash payments.
Referred to as the Cash Commitment Act, House Bill 20 (HB20) states that “every consumer has the right to use cash” when making in-person payments.
The new bill specifically reads:
“(a) Any person that engages in the business of selling goods or services at retail to the public and that accepts in-person payments at a physical location in this State shall satisfy both of the following requirements:
(1) The person shall accept cash as a form of payment for sales made at the physical location.
(2) The person shall not charge cash-paying customers a higher price compared to the price charged to customers not paying with cash.”
Any business that is found to be in violation of the act would be fined $2,500 for the first occurrence, and $5,000 for any subsequent occurrences. Exceptions are made for payments made with $100 bills.
What do you think about the new bill?