Should businesses in the US be required to accept US currency for payment? Are they required to?
The law says that any restriction on method of payment, like “No bills over $20” or “No cash” must be posted visibly. Not being an attorney or a corporation, I can only provide my own opinion on this. I can certainly understand a person or company not wanting to get paid in pennies or have to break a $500 bill, so there are limits on what would be reasonable to require. On the other hand, I don’t think every citizen should be required to have a bank account if they want to buy things. I suppose a person could get a money order or something, but that’s a lot of extra work if you have the cash in hand. I can’t actually think of a law that would satisfy everybody, in every situation. Maybe the current law actually achieves some kind of minimum inconvenience across the board, or matches the way corporations supported Congress to vote. I don’t know. I found quite a few articles explaining the law; this seems to be a common question because of the “legal tender for all debts” text. But the b
