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Businesses Not Accepting Cash

Did You Know? They Don't Have to Take Your Cash

How about that?! While there are some of us who are trying to go cash only for the sake of our credit card bills, it turns out, some businesses just won't take it. That's what New York Times blogger, Jennifer Saranow Schultz, discovered on a recent trip to Cabo San Lucas. First, her flight prohibited any cash purchases in the cabin, next, her resort touted a “no cash for purchases on the premises” policy — except for tipping.

After a little investigation, she discovered the no-cash policies are totally legal: "According to the United States Department of the Treasury’s site, there is no federal law requiring that businesses accept currency or coins as payment for goods or services." So, unless a state law mandates that businesses take cash, they don't have to. Even some Apple stores have reportedly refused cash payments for the iPad. Why? Well, for some businesses, going cashless can ensure a level of security, plus convenience. But for us, wouldn't paying the two dollars for in-flight headphones be more convenient when we have it? I don't know about you, but when I've got the cash, I'd rather use it — and I'd always assumed businesses would want it too. What do you make of the no-cash policies?

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