San Francisco Bans Cashless Stores

Following Philadelphia's lead, San Francisco became the second major U.S. city to ban cashless businesses in a Tuesday vote by the city Board of Supervisors. The legislation ends a practice widely viewed as discriminatory against low income residents. San Francisco Examiner reports: There are currently only a handful of businesses that do not accept cash in San Francisco, requiring payment through smart phone applications tied to a person's bank account or credit card. The number, however, was increasing. Those without bank accounts or credit are unable to purchase goods in these types of stores.

'The City must remain vigilant in ensuring its economy is inclusionary and accessible to Everyone,' the legislation states. 'The purpose of this [law]is to ensure that all City residents -- including those who lack access to other forms of payment are able to participate in the City's economic life by paying cash for goods and many services.' Businesses argue going cashless creates a safer work environment and more efficient service. Under the legislation, repeat violations would constitute a misdemeanor and carry a fine of up to $1,000. The law applies to brick-and-mortar businesses, those with a fixed location. It does not impact food trucks, ride hail services or temporary 'pop up' retail.

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