US Draft Payment Choice Act NOT Fit For Purpose!

This act has little chance of getting approved by the Republican controlled Senate and House of Representatives- if it does, it is doubtful President Trump will sign it off.

And even if Trump does approve it, these exceptions tend to render it totally useless:

“Exceptions exist for temporary, unforeseen, or brief periods where a business is unable to accept cash, or for businesses that offer on-site, no-fee, cash-to-prepaid-card machines.” Most of these exceptions are dubious, but the last point is the most important, as I have seen first-hand in New York.

A shop can install a machine ( sometimes referred to as a “Reverse ATM” ), that sells you a card for cash, so that you can use the card in the shop!

Only in the US would this be deemed “cash acceptance”!

The vast majority of people who choose, on occasion or frequently, to use cash, already have a wallet full of cards. They just don’t WANT to use them when they WANT to use cash.

And they certainly don’t want to acquire another card using their cash!

This “exception” is a total nonsense!

It may well have been planted in the draft US Payment Choice Act by powerful companies - with too much influence - who actually manufacture the “Reverse ATMs”!

The Payment Choice Alliance would NEVER allow that to happen in the UK. No organisation can “buy”us - we will NOT betray the interests of the British public!

By the way, the shop has absolutely no incentive to keep the machine “selling” cards operating - and they often don’t!

The Payment Choice Alliance firmly rejects this “exception”.

True cash acceptance is directly taking physical cash at tills or self check-outs.

Any variation makes the legislation a worthless charade.

Source: paymentsjournal.com/legislation-requiring-cash-acceptance-faces-an-uphill-battle