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New Law Mandates Cash Payments in New York Retail

11/29/2025

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Summary

Story summary

New York Governor Kathy Hochul signed a law requiring retailers to accept cash payments.
Senator James Sanders Jr. (D-N.Y.) and Assemblywoman Catalina Cruz (D-N.Y.) sponsored a measure that gained overwhelming support in the state legislature.
The law prohibits businesses from refusing cash and from charging extra fees for cash payments.
The law takes effect in March 2026 to ensure all New Yorkers participate in the economy.

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Story summary

New York Governor Kathy Hochul signed a law requiring retailers to accept cash payments.
Senator James Sanders Jr. (D-N.Y.) and Assemblywoman Catalina Cruz (D-N.Y.) sponsored a measure that gained overwhelming support in the state legislature.
The law prohibits businesses from refusing cash and from charging extra fees for cash payments.
The law takes effect in March 2026 to ensure all New Yorkers participate in the economy.