Are Gyms Violating Ban on Cashless Businesses?

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While some no doubt view cash as a relic of the past, with many transactions tied to a bank or credit card account, cash is still an essential part of the economy — particularly for people with lower incomes who are more likely to be “unbanked.” 

The reliance on cash for many consumers is behind so-called cashless bans, or regulations that require businesses to accept cash in exchange for their goods and services with the goal of making those businesses more accessible. Such an ordinance has been in place in Philadelphia since Oct. 1, according to Billy Penn — but that website reports that many of the city’s fitness centers are in violation of the ban and essentially require people to have a bank account in order to access them.

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