Philadelphia Mayor Signs Bill Banning Most Cashless Businesses

Philadelphia Mayor Jim Kenney has signed legislation that ban cashless stores in the city, according to The Philadelphia Tribune.

Amazon.com Inc., which had planned to open a cashless Amazon Go store in the city, had pushed back against the proposal that the Philadelphia City Council had passed with a 12-4 vote.

Councilman William Greenlee said cashless business in Philadelphia would need to start accepting cash July 1, when the law takes effect. Violators can be find a maximum of $2,000. Parking lots, garages and retail stores that exclusively have membership models with payment through an affiliated mobile device application are exempt.