I-Pad On Plastic Only??

[JimT]

Just saw on the tube that a woman went to pay cash for an I-pad at an Apple store and was denied. That's crazy to me! They only accept debit and credit cards. Is cash now becoming a thing of the past?

[HUNTINGMAN]

Man thats wierd,if they didnt take cash i would have to tell them where they could stick there i-pad.

[ruttinbuc]

Apple just wants to know who has their products as a hedge against piracy. Credit and debit cards allow them to do that. There is no law that says companies have to take cash. Just a sign of the times.

[Michiganbowhunter_SQ2]

Looks like Apple has done good with this one. they have removed the cash only policy as of today, they will require those paying cash to setup an Apple account at the time of purchase, but an Apple account is needed with the ipad anyways. apple to me has always been pretty good in customer services, and it continues with this story. After announcing the change, they went to that ladies house and gave her an ipad free of charge.

[Michiganbowhunter_SQ2]

Looks like Apple has done good with this one. They have removed the cash only policy as of today, but they will require those paying cash to setup an Apple account at the time of purchase, but an Apple account is needed with the ipad anyways. Apple to me has always been pretty good in customer service, and it shows with this story. After announcing the change, they went to that ladies house and gave her an ipad free of charge.

BTW this is nothing new. Apple had this same policy back when the iphone first came out.

Kind of curious though if they made Best Buy enforce this policy as well??

Edited May 20, 2010 by Michiganbowhunter_SQ2

[Hoosierbuck]

I am so naiive. I assumed that when our currency has printed on it "Legal tender for all debts public and private" that is what it meant. Unenforceable as a matter of practice, but I never thought about it seriously.

HB

[NY_Bowhunter14]

as long as it was legal us currency they shouldnt have been able to deny it... it is illegal to deny legal us currency if someone is trying to pay for something...

[NY_Bowhunter14]

here's a great example, video is long but good...

http://www.youtube.com/watch?v=Mzc8vS-ac-g

[gzilla45]

All the more reason I won't buy Apple products.

[hunterbobb]

Thats just crazy. My cash is no good. Oh well better get used to it. The way the economy is going we will be back on the barter system soon.

[Michiganbowhunter_SQ2]

as long as it was legal us currency they shouldnt have been able to deny it... it is illegal to deny legal us currency if someone is trying to pay for something...

Not, it is not.

From the U.S. Treasery Dept. Website (their FAQ section):

Question: 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?

Answer: 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.