Guest LadyC Posted May 19, 2010 Share Posted May 19, 2010 from the US treasury's website: The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues." This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. Link to comment Share on other sites More sharing options...
~Shalhevet~ Posted May 19, 2010 Group: Royal Member Followers: 1 Topic Count: 334 Topics Per Day: 0.06 Content Count: 2,049 Content Per Day: 0.38 Reputation: 120 Days Won: 4 Joined: 08/13/2009 Status: Offline Share Posted May 19, 2010 sounds like a good security measure to me. Sounds like a violation of Federal Law to me. My thoughts exactly. Link to comment Share on other sites More sharing options...
Guest LadyC Posted May 20, 2010 Share Posted May 20, 2010 LOL i'm getting a bit tickled here, by how many people seem to be totally disinterested in the fact that it's not illegal to reject cash, even after i posted a link to and quote from the US treasury department's own website! Link to comment Share on other sites More sharing options...
Believer1997 Posted May 20, 2010 Group: Royal Member Followers: 1 Topic Count: 66 Topics Per Day: 0.01 Content Count: 6,363 Content Per Day: 1.13 Reputation: 119 Days Won: 9 Joined: 11/07/2008 Status: Offline Share Posted May 20, 2010 LOL i'm getting a bit tickled here, by how many people seem to be totally disinterested in the fact that it's not illegal to reject cash, even after i posted a link to and quote from the US treasury department's own website! You are right Lady C - it is not illegal to reject cash and more and more places are not dealing in cash anymore because of robberies, etc. Link to comment Share on other sites More sharing options...
Creed Posted May 20, 2010 Group: Advanced Member Followers: 1 Topic Count: 0 Topics Per Day: 0 Content Count: 333 Content Per Day: 0.06 Reputation: 32 Days Won: 0 Joined: 12/30/2008 Status: Offline Share Posted May 20, 2010 I use a debit card and I don't even remember what cash looks like.... I found a quarter the other day.... Might want to save the quarter for one piece of "penny" candy. Link to comment Share on other sites More sharing options...
Blien Posted May 20, 2010 Group: Royal Member Followers: 1 Topic Count: 346 Topics Per Day: 0.06 Content Count: 3,050 Content Per Day: 0.50 Reputation: 46 Days Won: 3 Joined: 10/02/2007 Status: Offline Birthday: 08/26/1982 Share Posted May 20, 2010 I rarely use cash but it seems like this would be a disservice to their customers. Why turn away a perfectly good customer? It's the company's problem to make sure everything works out okay, not the customer. They've not just lost this one customer but a whole lot of other people who have read this news article and it makes the company look shady. I'm not too keen now on buying apple products. Link to comment Share on other sites More sharing options...
other one Posted May 20, 2010 Group: Worthy Ministers Followers: 29 Topic Count: 597 Topics Per Day: 0.08 Content Count: 56,117 Content Per Day: 7.56 Reputation: 27,847 Days Won: 271 Joined: 12/29/2003 Status: Online Share Posted May 20, 2010 sounds like a good security measure to me. Sounds like a violation of Federal Law to me. And what law would that be. Link to comment Share on other sites More sharing options...
2Joyful Posted May 20, 2010 Group: Royal Member Followers: 4 Topic Count: 48 Topics Per Day: 0.01 Content Count: 1,901 Content Per Day: 0.35 Reputation: 365 Days Won: 29 Joined: 08/16/2009 Status: Offline Share Posted May 20, 2010 I use a debit card and I don't even remember what cash looks like.... I found a quarter the other day.... Link to comment Share on other sites More sharing options...
Guest yod Posted May 20, 2010 Share Posted May 20, 2010 so that no one could buy or sell unless he had the card..... She could always give the money to someone who has a card. Link to comment Share on other sites More sharing options...
georgedrw81 Posted May 20, 2010 Group: Royal Member Followers: 0 Topic Count: 7 Topics Per Day: 0.00 Content Count: 1,823 Content Per Day: 0.33 Reputation: 36 Days Won: 2 Joined: 04/10/2009 Status: Offline Share Posted May 20, 2010 LOL i'm getting a bit tickled here, by how many people seem to be totally disinterested in the fact that it's not illegal to reject cash, even after i posted a link to and quote from the US treasury department's own website! You are right Lady C - it is not illegal to reject cash and more and more places are not dealing in cash anymore because of robberies, etc. Same thing happened to my grandfather about 40 years ago with the addition to buy in installments. He went to the bank deposited the cash and every month he passed at the store to pay the installment. Blessings Link to comment Share on other sites More sharing options...
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