23 New York restaurants fined for refusing to take money

New York City has so far imposed tens of thousands of dollars in fines on businesses that don’t accept cash payments, according to a New York Post report.

The report says the city fined 23 companies for such violations – including Van Leeuwen, an ice cream maker, who was fined $ 12,750 for being cashless in several locations in the city. The report states that Van Leeuwen has a sign advising users that he does not take cash.

The ban was passed by city council in January 2020 and went into effect in November of the same year. The Ministry of Consumer and Worker Protection received 152 complaints about cashless businesses. There have been six complaints about Van Leeuwen stores since the ban went into effect in November 2020, according to the report.

Businesses are required by law to accept cash unless they have a machine to convert cash into prepaid cash – and they are not allowed to charge more for cash payments.

Among the reports, 16 companies have been found guilty. The fines total $ 23,850.

Some city officials are not in favor of the ban.

“These agencies are turning our statutes into weapons to torment small businesses in this city,” City Councilor Kalman Yeger said, according to the report. “It’s about increasing the income of the city.”

The idea arose because companies more often went without cash to try to prevent the spread of COVID-19.

The ban has supporters who say cashless discriminates against minors and the poor who don’t always have bank accounts or credit cards.

The abandonment of cash has been happening for some time, with countries in Latin America experiencing huge increases in digital banking services during the pandemic. Digital wallets and contactless payments, especially at the height of the pandemic in 2020, have become the primary means by which people have to pay for things, with businesses closing their physical locations.

This made the cash irrelevant.

Kushki’s Chief Revenue Officer Madeleine Clavijo told PYMNTS that the ease of opening a digital wallet account also makes it an optimal way to get away from cash, as well as lower risk compared to the use of cash.

See more: Cash No Longer King in Latin America



On: It’s almost time for the holiday shopping season, and nearly 90% of American consumers plan to do at least some of their purchases online, up 13% from 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed over 3,600 consumers to find out more about what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.

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