isn't there a law in the U.S. stating that stores MUST accept cash so long as it's U.S. coin or currency? The only exceptions being very large purchases, such as homes/cars.
If it were in anyone's interest to force acceptance of cash, it would be the Federal Reserve, but...
Is it legal for a business in the United States to refuse cash as a form of payment?
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. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.
Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor.
isn't there a law in the U.S. stating that stores MUST accept cash so long as it's U.S. coin or currency? The only exceptions being very large purchases, such as homes/cars.
If it were in anyone's interest to force acceptance of cash, it would be the Federal Reserve, but...
https://www.federalreserve.gov/faqs/currency_12772.htm
See the comment from u/Narg
no you can run credit only if you want. no one around me takes cash anymore. its slow as fuck.
False statement there.
True statement: Chip cards are slower than cash.