Should businesses legally be allowed to refuse cash as payment?
Before the Covid-19 pandemic, the usage of cash was already on a decline with the majority of users choosing mobile payment or credit cards. However, the current pandemic has left many businesses asking customers to refrain from paying with cash or even refusing cash payment.
The article linked below explains the perspective of a Canadian woman, Lynn Rae, who has requested that the Town of Newmarket mandate that all businesses must accept cash. Rae along with other supporters believes that the denial of cash is a form of discrimination because not every person has access to credit/debit cards.
The Bank of Canada has also come out to encourage businesses to accept cash during this time to avoid hurting those who depend on cash. Do you think businesses should legally be allowed to refuse cash?
The post Cash as payment for a business first appeared on COMPLIANT PAPERS.
