Cash Acceptance Legality

Your own link says that they may decline cash payments.United States currency is legal for all debts public and private (it says so on the notes), but that doesn't mean it's required to be accepted for all debts.

In the US, cash must be accepted as payment for (edit: public) debt. However, there is no requirement that all transactions must accept all legal tender. A business owner can refuse to enter into a commercial relationship with you on the basis of your method of payment.https://www.treasury.gov/resource-center/faqs/Currency&#

How is that legal not to accept cash?

> This statute means that all United States money as identified above is 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 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 which says otherwise.<a href="https://www.federalreserve.go

In most countries there is a legal rule that establishes cash, which says something along the lines of :Currency notes must be accepted as payment for all debts, public and private.This means not accepting cash is actually illegal. This has been relaxed a bit, in that refusing to take a 500 euro note for a .5 euro purchase is permitted, but either refusing to sell to someone who wants to pay cash or not accepting cash after the sale is not legal.

i thought that because cash was "legal tender" it was required by law to be accepted but the second paragraph disabused me of that.

But isn't cash legal tender in the US? If you have just eaten at restaurant, you have a debt to it. I thought they had to accept cash then?

Didn’t the grandparent comment explain that in such a case, legal tender doesn’t apply? There’s no debt in a normal shopping transaction, the shopkeeper is free to accept whatever they wish or reject the transaction entirely.

Legal tender is currency that must be accepted as payment for debt, although sometimes you can give up that right contractually. It looks like the situation in the EU is a bit nuanced, but in the US, merchants are perfectly free to refuse to take cash.

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 wh