Question: Is It Legal To Not Accept Cash In Texas?

Can you refuse to accept cash?

Can a business refuse to accept cash under federal law?

Cash is a legal tender for all public and private debts.

The law does not say you can’t restrict customers from paying with cash.

According to the federal government, you are not required to accept cash payments.

There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.

Can a business refuse to accept cash in Australia?

Currency and legal tender in Australia is governed by two commonwealth pieces of legislation, the Currency Act 1965 and the Reserve Bank Act 1959. There is no law against a business refusing to accept cash for goods and services or only accepting cash for goods and services.

Quick Summary. A business can refuse to accept currency as payment for goods and services, even though the currency states that it is legal tender for all public and private debts. A business can also refuse to accept large bills. A business can provide customers with a discounted price for paying with cash.