No, A Seller Doesn't Guide Maintain To Convey Cash

If individual sellers wishing to create so, they tin take away that payment live made inward the degree of credit cards or checks. They are non required to bring cash. The Federal Reserve crisply explains the police inward this FAQ (last updated June 17, 2011):

Is it legal for a describe organisation inward the the States to reject cash every bit a degree of payment?

Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins together with currency [including Federal reserve notes together with circulating notes of Federal reserve banks together with national banks] are legal tender for all debts, world charges, taxes, together with dues."

This statute agency that all the States money every bit identified inward a higher house is a valid together with legal offering of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a individual business, a person, or an organisation must bring currency or coins every bit payment for goods or services. Private businesses are costless to railroad train their ain policies on whether to bring cash unless in that place is a soil police which says otherwise.

The US Department of the Treasury has a really similar contention at its website.

There are, of course, a rise reveal of examples of sellers who create non bring cash: sure enough stores, parking garages, flying attendants on most airlines, together with others. Other sellers may reject to bring sure enough types of currency, similar buses that won't bring pennies for the fare, or stores that won't bring bills larger than a sure enough denomination.

My agreement is that no soil enforces laws alongside actual teeth that take away firms to bring cash. (Massachusetts seems to cause got an unenforced police without penalties that retailers must bring cash.) It's non obvious that states should enact such laws, either. But every bit the purpose of cash fades inward many contexts, it's worth remembering that non everyone has credit cards. For example, nearly one-quarter of all US families inward the bottom 20% of the income distribution are "unbanked," and for those without a banking concern account, having access to plastic-based spending ability tin live hard or costly or both.

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