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That is a common misconception [0] [0] http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx http://www.treasury.gov/resource-center/fa

• pc86 14y ago
  Thank you for this. From the relevant paragraph: > 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.