4 ms·
Retailers can offer discounts for cash transactions, per the Durbin Amendment to the Dodd-Frank bill of 2010. https://en.wikipedia.org/wiki/Durbin_amendment ht
by anamexis 6y ago
Retailers can offer discounts for cash transactions, per the Durbin Amendment to the Dodd-Frank bill of 2010.
https://en.wikipedia.org/wiki/Durbin_amendment https://en.wikipedia.org/wiki/Durbin_amendment
- hn_throwaway_99 6y agoIt depends on where you live. 10 states have laws that prohibit or restrict discounts for cash transactions: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas. Some of those restrictions have been invalidated by federal courts, but I was somewhat confused about which states were affected.
- komali2 6y agoWeird, because in three of those states (New York, Texas, and California) I have used cash to get a cash discount in the last year. I imagine it's because of lack of enforcement?
- hn_throwaway_99 6y agoAll three of those states I believe had their surcharge bans invalidated by federal courts. Texas' law was declared unconstitutional in summer 2018: https://faq.sll.texas.gov/questions/9631 https://faq.sll.texas.gov/questions/9631
- just-ok 6y agoI have definitely personally seen many instances in which you get a discount paying in cash in California. Maybe they get away with it because they technically frame it as charging extra for paying with a card?
- BenjiWiebe 6y agoPerhaps this is explicitly allowed (you did say restrictions) but in Kansas it isn't uncommon to see gas station signs displaying a cash price and a card price.