• LogicalDrivel@sopuli.xyz
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    21 hours ago

    Since you feel like quoting things is conducive to proper discusion:

    Is it legal for a business in the United States to refuse cash as a form of payment?

    There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.

    Section 31 U.S.C. 5103, entitled “Legal tender,” 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 U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor.

    https://www.federalreserve.gov/faqs/currency_12772.htm

    • LilB0kChoy@midwest.social
      link
      fedilink
      arrow-up
      1
      ·
      19 hours ago

      are legal tender for all debts, public charges, taxes, and dues

      There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services

      Goods or services ≠ debts, public charges, taxes, and dues.

      A retail store, a restaurant etc. can refuse currency from a customer but a loan/lien holder, a public utility company, a government entity or an HOA must all accept any legal tender.

      You’re confusing two separate situations.

    • onslaught545@lemmy.zip
      link
      fedilink
      arrow-up
      1
      ·
      19 hours ago

      Yes, you’re correct. That’s where the “debt” part comes in. If it’s before you incur the debt, they can refuse to accept any legal tender.