The End of Cash Payments at Scrapyards: Government Regulation in 2013

We discuss how the government made it illegal for scrapyards to pay cash for scrap in Now, scrapyards can only make electronic transfers or pay by cheque, and customers must provide ID. This was likely done to track payments and ensure taxes are paid, though it has both pros and cons for scrapyard owners and customers. #scrapyard #cashpayment #governmentregulation #electronictransfer #IDrequirement #scrap