Can a business refuse to accept cash as payment?
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Can a business refuse to accept cash as payment?
Asked on October 10, 2014 under Business Law, Arkansas
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Yes, it can. A business may set the terms of payment as it sees fit. For example, some businesses only accept cash and not checks and/or credit cards. So unless you have an agreement of some sort that cash will be accepted, the business is under no legal obligation to accept it.
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