The far-reaching bill could have large ramifications for retailers that also sell used games.
A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property.
The bill has obvious implications for used-game sellers like GameStop, ensuring that you won’t be able to get cash back for used games (though the company already pushes hard for in-store credit), but also that you won’t have the option of paying cash for those games either.
Obviously, the bill was put in place to curtail the sale of stolen goods, and to make it harder for criminals to profit off of illicit goods at flea markets and open markets, but does it go too far? Establishments that insist on continuing cash transactions “must obtain the seller’s personal information such as their name, address, driver’s license number, and the license plate number of the vehicle in which the goods were delivered. They must also make a detailed description of the item(s) purchased and submit this with the personal identification information of every transaction to the local policing authorities through electronic daily reports.”
With so many extra steps, larger retailers may determine that it’s just much easier to require card transactions for all trade-ins.