this post was submitted on 15 Sep 2023
12 points (100.0% liked)

Technology

37573 readers
520 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
 

WP gift article expires in 14 days.

https://ghostarchive.org/archive/p1est

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago (1 children)

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.

[–] [email protected] 5 points 1 year ago (1 children)

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.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

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.