Hawaii SB1162 prohibits cash-only payments for transactions of $25 or more, requiring businesses to accept credit or debit cards.

Hawaii SB1162 aims to ensure fair and transparent economic practices by prohibiting businesses from accepting only cash for transactions of $25 or more. The bill mandates that businesses must allow credit or debit card payments for such transactions, with an option to charge a convenience fee not exceeding the service fee for card processing. This measure seeks to minimize illicit financial activities, increase accountability, and foster an equitable economic environment.

Hawaii SB1162 prohibits cash-only payments for transactions of $25 or more, requiring businesses to accept credit or debit cards.

Hawaii SB1162 aims to ensure fair and transparent economic practices by prohibiting businesses from accepting only cash for transactions of $25 or more. The bill mandates that businesses must allow credit or debit card payments for such transactions, with an option to charge a convenience fee not exceeding the service fee for card processing. This measure seeks to minimize illicit financial activities, increase accountability, and foster an equitable economic environment.