Don’t be the guy who holds up the line at Safeway to spell out “sixteen dollars and forty four cents.” And maybe think twice before fishing out a twenty.
No, you actually are required to take cash. The pieces of paper must be accepted in payment of a debt. You cannot refuse them.
You absolutely could only take Canadian dollars at a storefront, because it’s not a debt. It’s a proposed transaction you are not obligated to accept. Chuck E Cheese doesn’t have to list the ticket prizes at a dollar price as well. They are fully entitled to only do business in tickets at that stand.
The Federal Reserve link says specifically “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.” They can refuse cash in favor of other forms of payment (e.g. credit card, personal check, or any of the digital payment services). The statute says that currency is legal to use for commerce, not that it must be.
For goods and services. That’s prior to the existence of a transaction.
The literal second they can’t walk away without paying you, you unambiguously must accept the actual paper. You unconditionally can not mandate any other form of payment after the fact.
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No, you actually are required to take cash. The pieces of paper must be accepted in payment of a debt. You cannot refuse them.
You absolutely could only take Canadian dollars at a storefront, because it’s not a debt. It’s a proposed transaction you are not obligated to accept. Chuck E Cheese doesn’t have to list the ticket prizes at a dollar price as well. They are fully entitled to only do business in tickets at that stand.
The Federal Reserve link says specifically “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.” They can refuse cash in favor of other forms of payment (e.g. credit card, personal check, or any of the digital payment services). The statute says that currency is legal to use for commerce, not that it must be.
For goods and services. That’s prior to the existence of a transaction.
The literal second they can’t walk away without paying you, you unambiguously must accept the actual paper. You unconditionally can not mandate any other form of payment after the fact.