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CompUSA Refuses To Accept Cash
- Thread starter goog40
- Start date
Whoozyerdaddy
Lifer
One store is not all of Comp USA.
flxnimprtmscl
Diamond Member
Yet it is a CompUSA store, correct? Each store does represent the chain, correct? You're right though, it's not every CompUSA store :roll:
Capt Caveman
Lifer
The liquidation sales going on at the current stores are not being handled by CompUSA but by a third party liquidation company.
Whoozyerdaddy
Lifer
Let's look at the topic title...
CompUSA Refuses To Accept Cash
Now let's look at reality! One store out of the entire chain refused to accept cash. The district manager eventually reamed the store manager for not taking cash. Therefore CompUSA takes cash.
The more appropriate topic title would be: A CompUSA Store Refuses to Accept Cash
There's a big difference between the two, don't you agree?
miketheidiot
Lifer
isn't it illegal to refuse to accept cash?
techs
Lifer
Actually, don't they have to accept cash?
"This bill is legal tender for all debts, etc, etc."
Maybe I'm wrong but doesn't that refer back to the laws that make the US dollar our standard currency, the fact that it has to be valid? And why people can get away with paying legal fines and taxes in pennies?
OOPS editing my own post:
http://www.ustreas.gov/educati...ency/legal-tender.html
Q: I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
A: The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which 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 United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
"This bill is legal tender for all debts, etc, etc."
Maybe I'm wrong but doesn't that refer back to the laws that make the US dollar our standard currency, the fact that it has to be valid? And why people can get away with paying legal fines and taxes in pennies?
OOPS editing my own post:
http://www.ustreas.gov/educati...ency/legal-tender.html
Q: I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
A: The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which 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 United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
At my first day at work a couple weeks ago I forgot to bring lunch because I figured there would be a restaurant nearby. There wasn't, so my boss lets me take as long as I want to walk a mile to the residence hall on campus which is the nearest place to eat. They make me a big tasty roast beef sandwich, and at this point I'm starving because I hadn't had breakfast either and been working since 7am and wanted nothing more than to plant my teeth into that sandwich. So I get to the register and take out a $10 bill, they refuse and tell me they only accept "Cougar Cash." What the fuck is that? Fuck you Washington State University, and fuck you CompUSA.
AlienCraft
Lifer
While it's entirely legal for the merchant to set the terms of sale, they must be clearly posted with in the point of sale, at least here in CA, that's the law.
And any merchant that doesn't accept cash is anti-American. They encourage excessive 'middle-man' fees this way.
And any merchant that doesn't accept cash is anti-American. They encourage excessive 'middle-man' fees this way.
CorCentral
Banned
Kind of reminds me of that thread posted on here about a guy going to Bestbuy and trying to buy an item with $2. bills (Don't remember the cost of the item)
The cashier argued and said the bills were fake and would'nt accept them. Best Buy called the cops, etc....... 😕
If anyone remembers the thread or wants do dig it up.......
The cashier argued and said the bills were fake and would'nt accept them. Best Buy called the cops, etc....... 😕
If anyone remembers the thread or wants do dig it up.......
PrinceofWands
Lifer
Ok, so I'm processing this new information and playing with an idea. I always thought everyone was required to accept cash, now I read it's just for 'debts'. So:
I go up to a drivethru and order a happy meal, then I drive around to the window to pay. They tell me they don't accept cash. I tell them "then I can't pay, I'll just leave". So they get upset that they just made food for nothing. However it's still a purchase, not a debt. If 1,000 people a day did that, the store would close instantly of course. Because of that they adopt the policy of calling the police if people refuse to pay for their orders. At that point they need to go to court and argue that the act of ordering obligates the customer to pay for the food.
If that happened, would the 'obligation to pay' be equivalent to a 'debt', thus requiring them to accept cash?
I go up to a drivethru and order a happy meal, then I drive around to the window to pay. They tell me they don't accept cash. I tell them "then I can't pay, I'll just leave". So they get upset that they just made food for nothing. However it's still a purchase, not a debt. If 1,000 people a day did that, the store would close instantly of course. Because of that they adopt the policy of calling the police if people refuse to pay for their orders. At that point they need to go to court and argue that the act of ordering obligates the customer to pay for the food.
If that happened, would the 'obligation to pay' be equivalent to a 'debt', thus requiring them to accept cash?
Yes. In America, cash is legal tender for ALL TRANSACTIONS. You are required to accept it. You don't have to be able to give exact change, but you have to accept cash. If your customer only has a $20 and you have no change, and they're okay with that, you have to accept the $20 bill. It's federally required.
Babbles
Diamond Member
I do not think you are correct on this.
That 'legal tender' bit is something to essentially state that "Hey, this is actually money and not just paper."
In fact I think there are plenty of places where you have to use check and/or credit.
As somebody mentioned the Pennsylvania DMW is one place.
CorCentral
Banned
If you're going to link, do it right 🙂 Thanks for digging it up though....... Best buy Article
I think it was pure BS that this happened. Then again, most people have never seen a $2. bill. I would've paid in $.50 pieces!
Whoozyerdaddy
Lifer
Have you ever tried to rent a car or buy an airplane ticket with cash? Here's another one: It is against the law for a stock broker (IRA fund manager - guys that work for Dean Witter and the like) to accept cash for IRA contributions. My stock broker told me about that a few years ago when I tried to open an acct with cash.
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