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Of course it's legal. Its also common (try paying for anything on an airplane in cash, for one example). This is such a misconception that the federal reserve
by astura 3y ago
Of course it's legal. Its also common (try paying for anything on an airplane in cash, for one example).
This is such a misconception that the federal reserve has a page on it.
https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm
>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.
- ipqk 3y agoWhat do you mean "of course". It's not legal in unincorporated Kings County outside Seattle. It's also not legal in NYC. I wouldn't be surprised in Seattle bans card-only retail in the near future.
- astura 3y agoI said "of course" because it's very common for businesses to not accept cash when it's inconvenient to. Airplanes are just one example I gave. The federal reserve addresses state/local laws: >Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise. These laws are new and only exist in a few locales.
- deleted 3y ago[deleted]
- marssaxman 3y agoI can't agree that the exotic case of wanting to buy something while flying on an airplane counts as "very common"! The laws are new because the practice they react against is, generally speaking, a recent problem.