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Can Vendors Be Legislated By Law To Take Certain Denominations Of Coins Or Currency?
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<p>[QUOTE="C Jay, post: 1223331, member: 13184"]According to a couple of court rulings, Apple Computer and one of the airlines, vendors may refuse to accept currency in general and require a credit card as long as the payment is denominated in US dollars. Courts have also held that vendors may refuse an "unreasonable" payment in currency, such as paying your utility bill all in pennies or refusing to accept $100.00 notes at your late night convience store. You may want to look at creating some type of incentive such as the "Removal of Barriers" approach. I think your idea of historic buildings and monuments on a large coin such as the half dollar has the potential of creating a beautiful series of coins.</p><p><br /></p><p>PS: I have never had a vendor refuse any dollar coins, and have had a couple who were happy to accept them since it was a rarity for them, You may want to include things like bill readers in vending machine accepting the $2.00 bills and some type of direct shipping program for those bills since they are hard to come by.[/QUOTE]</p><p><br /></p>
[QUOTE="C Jay, post: 1223331, member: 13184"]According to a couple of court rulings, Apple Computer and one of the airlines, vendors may refuse to accept currency in general and require a credit card as long as the payment is denominated in US dollars. Courts have also held that vendors may refuse an "unreasonable" payment in currency, such as paying your utility bill all in pennies or refusing to accept $100.00 notes at your late night convience store. You may want to look at creating some type of incentive such as the "Removal of Barriers" approach. I think your idea of historic buildings and monuments on a large coin such as the half dollar has the potential of creating a beautiful series of coins. PS: I have never had a vendor refuse any dollar coins, and have had a couple who were happy to accept them since it was a rarity for them, You may want to include things like bill readers in vending machine accepting the $2.00 bills and some type of direct shipping program for those bills since they are hard to come by.[/QUOTE]
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Can Vendors Be Legislated By Law To Take Certain Denominations Of Coins Or Currency?
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