WebAug 23, 2024 · According to the Federal Reserve, at the national level, the answer is yes. “There is … no Federal statute mandating that a private business, a person, or an … WebJul 14, 2024 · The senator says that this means if they refuse to take the legal tender the debt is paid in full. “Business owners, if you refused to take cash, the debt is paid in full. If you are a business owner and you refuse to take cash, you are breaking the law.” This law is for the state of Mississippi, but somewhat holds true for Ohio as well.
Why Some Stores Are Not Accepting Cash – Is It Legal
WebFeb 21, 2024 · The Federal Government does not require businesses to accept cash. The law clearly states that cash is legal tender in the United States. However, there is no law that requires a business or individual to accept cash as payment. In most areas of the United States, the answer to “Can a business refuse cash?” is yes. WebApr 23, 2024 · A private business’s decision to refuse cash at the point of sale is a regulatory matter left to the states. [7] In recent years, the trend towards cashless business has moved from the skies to the ground. Many restaurants and other retail businesses have abandoned cash for card or electronic payments. [8] Chicago-based Epic Burger, [9] the ... kankakee county courthouse
New York City Stores Must Accept Cash, Council Says
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