WebAug 6, 2024 · In July, the state approved a batch of 16 laws that could have a far-reaching impact for local bar and brewing industries by Courtney Burk Aug 6, 2024, 9:39am EDT Bars and restaurant owners have...
If cash is king, how can stores refuse to take your dollars?
WebAug 5, 2016 · The answer might surprise you. Stores don’t have to accept paper money. Despite the greenback’s apparent claim, the right for a store to refuse cash is supported both by the U.S. Treasury and the Federal Reserve. There are two reasons that a business can reject cash even if it is “legal tender for all debts public and private.”. WebJul 10, 2024 · If you are a business owner and you refuse to take cash, you are breaking the law.” “Here is an example,” McMahan continues in the post. “If I stop by your store and I purchase $44 worth of fuel, and I try to pay you with a $100 bill and you refuse payment of cash, the debt is paid in full. morrisons dry tickly cough
Cities And States Are Saying No To Cashless Shops Maine Public
WebFeb 6, 2024 · Cities And States Are Saying No To Cashless Shops. After almost 10 minutes of standing in line at a coffee shop, Ritchie Torres realized he only had cash in his pocket — a form of payment no longer accepted by this store. "It was a humiliating experience," he said. "I remember wondering aloud, how could a business refuse to accept cash, which ... WebJun 5, 2024 · Businesses that violate the law face fines of up to $1,000 for the first violation, and not more than $1,500 for each subsequent violation. Before converting to a cashless model, retailers should consult with an attorney to confirm that local and state laws do not ban discrimination against cash payments. WebFeb 6, 2024 · Although federal law allows businesses to refuse cash payments, individual states and cities can pass laws banning the practice. Massachusetts has had such a law on the books since 1978. However, … minecraft mall