Concern of Ribit with a Money Changer
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Question
A money changer cashes a check for a percentage. When is it considered ribit?
Answer
If he cannot immediately convert the check into cash, it is forbidden due to ribit. Therefore, even a cash check, since it takes 3 days to receive cash for it, is considered ribit. Even the fact that he can pay others with it is not considered cash (as he can also pay in installments). Only if he can go to the bank branch of the check and redeem cash is it not considered ribit.
Source
Shulchan Aruch, Yoreh De'ah, Siman 173, סעיף 4
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