STOP MFI | Pawnshops and double bookkeeping

A subscriber reported a situation in which a pawnshop refused to accept payment by bank card and required the loan to be repaid in cash only.

Such an approach may be inconvenient for customers and raises questions about the transparency of transactions: why would an organization that issues loans and processes payments restrict the available payment methods?

This article examines whether a cash-only repayment requirement is lawful, what rights customers have, and where they can turn if a pawnshop refuses to accept cashless payments.