4 ms·
It's to stop black markets. There are very few legitimate cash transactions over 10k as few people have that much in cash and cash transactions that big are ver
by tdb7893 8y ago
It's to stop black markets. There are very few legitimate cash transactions over 10k as few people have that much in cash and cash transactions that big are very cumbersome.
- nasalgoat 8y agoI collect pinball machines and they are regularly over $10,000 for the highly-sought titles. Unlike a car which needs to be registered, they are "cash and carry" items and accepting any form of payment other than cash is risky (paypal? cheque? I think not). It's like buying stuff at a garage sale with a credit card. Ridiculous.
- tdb7893 8y ago"Transactions with financial institutions or consumer to consumer non-business transactions will not be affected" so my interpretation is that your use case doesn't apply but I'm not sure