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Mandatory Cash Acceptance Update – Philadelphia Legislation & Athletic Venues | Payment Law Advisor

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Philadelphia’s new law includes some slight deviations from New Jersey’s model. For example, retailers selling to customers through a membership model like Costco do not fall within the scope of the legislation. Additionally, retailers where credit card holds are required for incidentals, such as rental-car companies and hotels, will not be required to accept cash (ironically, a 1984 Pennsylvania law was passed to protect unbanked consumers from this very practice – the Cash Consumer Protection Act reads, “it shall be unlawful for any person to refuse to rent or sell property or services to any individual for the reason that the individual does not possess a credit card”). To the benefit of several large e-commerce retailers, Philadelphia’s law also exempts “transactions at retail stores selling consumer goods exclusively through a membership model that requires payment by means of an affiliated mobile device application.”

From Mandatory Cash Acceptance Update – Philadelphia Legislation & Athletic Venues | Payment Law Advisor.

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