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Yes but not accepting currency[0] or coins is different from not accepting USD. In the United States a creditor may choose to only accept certain forms of USD (
by frgtpsswrdlame 9y ago
Yes but not accepting currency[0] or coins is different from not accepting USD. In the United States a creditor may choose to only accept certain forms of USD (ie. no $100 bills at some stores) but they still must accept USD in some form.
[0] It is obvious from your link that the Treasury intends "currency" to be interpreted as paper money, see this:
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.
- mhb 9y agoI'd be interested in your reference. I think it's obvious that businesses aren't required to accept credit cards, checks, ACH transfers, whatever else. If they also aren't required to accept bills or coins, it would seem as though they don't need to accept payment in USD in any form. This creates a problem for them, but why do you think they must accept USD in some form?
- krrrh 9y agoThe policy is stated on every bill: “this note is legal tender for all debts, public and private" You can put your question in a search engine and find many references. Businesses in the US must accept dollars, but can choose what form they come in.