Quote:
Originally Posted by freebeard
I went with my son to a Pap Murphy's that had a sign in the window "No cash on premises for the safety of our employees".
Which raises [not begs] the question: If a dollar bill says 'Legal tender for all debts public and private', then how can it be legal to refuse it if tendered.
With a dollar bill in a pizza parlor, and a good pro bono lawyer, I might be set for life.
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Cash is legal tender for all
DEBTS. You do not owe the Papa Murphy's a debt - you wish to enter into a business transaction with them. As with any business transaction both parties are free to set their terms and reach an agreement. One of Papa Murphy's terms is you have to pay electronically.
The simple fact is that today so few people use cash that it cost companies to accept it. Yes electronic payments come with swipe fees but cash is not cast free way of doing business. A company has to pay employees while the count out their tills, they have to pay for a safe to store their money, and they either have to pay an employee to take the money back and forth to a bank or pay a security company to pick up and drop off cash. You also have to worry about employee theft. IHL put out a paper recently that found accepting cash costs between 4.7% and 15.3% of sales. That makes the average swipe fee of 2.4% look pretty attractive.
https://www.businesswire.com/news/ho...hfD31cAxcB60aE