Philly Doubles Down On The Dollar

A new law signed last week makes Philadelphia the first major U.S. city to ban cashless stores.

Starting in July, most retail stores—including foodservice operators—will be required to accept cash or risk fines of up to $2,000. There are exemptions, including transactions at parking lots and garages and online, telephone or mail-in transactions, among others.

A spokesman for Philadelphia Mayor Jim Kenney noted that 26% of city residents live below the poverty line and many don’t have a bank account. Cash can be loaded onto prepaid debit cards, but those come with various fees.

The measure is opposed by the National Retail Federation, the city’s Chamber of Commerce, and the Pennsylvania Restaurant & Lodging Association.

The new law runs contrary to the trend toward accepting only electronic payments or credit cards to speed service. A number of chains—including Sweetgreen, Shake Shack and Firehouse Subs—have units that won’t accept cash, citing the time required passing money and change back and forth.


- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Patio Heaters at a Restaurant

Restaurants Face Patio Heater Shortage

Operators are finding heating equipment in short supply as they try to extend outdoor dining into colder months.

Read More...
Restaurant Glasses Image by LEEROY Agency from Pixabay

TriMark Merges Its E-Commerce Brands

Two sites and sales teams to unite under ChefsToys.com.

Read More...
Plastic restaurant takeout bag

NJ Governor Signs Bag Ban Into Law

The state calls its new law "the strongest bag ban in the nation." 

Read More...