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Apple Axes 'No Cash' Policy for iPad Sales
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What the original comment was misconstruing is that the U.S. Government is obligated to recognize U.S. currency and coin as legal tender "for all debts public and private". The dollar is backed by the full faith and credit of the U.S. Treasury. This means any bank, institution, business, etc. receiving U.S. currency or coins can be assured that the government recognizes it as a legal form of "consideration"... or deferred payment in kind for goods or services rendered. I say "deferred" because the dollar is essentially an I.O.U. for goods and services, whose value is determined by the market for those goods and services.
Getting off the rails here a little bit, but I feel that's an important distinction a lot of people miss. The paper has no value in and of itself. It is a promise to pay, that the U.S. Government, its courts, etc. would recognize as binding consideration in any commercial transaction.
However, that doesn't obligate any private party to ACCEPT cash as payment. But once they do, then the contract is binding.
Sidenote: Someone earlier said "checks" but checks are essentially the same as cash. They too are a promise to pay drawn against a cash account, as opposed to credit, equity (securities, bonds, etc.) instruments, and the like.
EDIT: Also see here for the U.S. Treasury's answer to this question.
Not true. They are buying an item and the reselling it hopefully at a profit, just like a Walmart or a BestBuy or any other online retailer. The macsales website doesn't actually make or design any of the products they sell. Are they making money off nothing too? You're basically saying all retail is corruption with your definition.
No one is forcing anyone to do anything. If people don't want to pay the higher price then wait. If everyone waited then the scalpers end up stuck with iPads they can't sell. The thing is that demand outstrips supply and plenty of people are willing to pay a premium. Pretty basic economics.
She didn't even ask to talk to a manager according to the story. That's step one whenever you encounter any questionable information in a store. Doesn't smell right...
Very simple.
Guy buys 10 ipads for $500.
You try to buy one, but the store is out of stock on all models.
Guy who just bought 10 walks up to you and offers you one for $800. For that price you might as well buy a 64gb model. Oh, he can sell you one of those too, $1200.
All of a sudden you won't be so happy that the store allowed him to buy 10.
Misinformation! You can open a savings account and deposit your checks to it. Most fixed income schemes I know of work on direct deposit. My grandfather has been getting his pension and Social Security retirement money direct deposited for years because they changed how they operate. A lot of employers are going direct deposit only. Like I said, they just don't want you to be able to float bad checks. It might even just be an ATM card with your savings account, but you should still ask for the manager before you call the news.
To "settle a debt" essentially means to make payment that is owed.... regardless of the timeframe. If I hand you a piece of merchandise, you now owe me the purchase price. Paying me that sum a minute later out of your pocket is essentially "settling the debt."
The policy was that you had to have a credit card with your name on it. Any kind of prepaid card was not being accepted either.
Really? so you wouldn't be pissed if you marketed something, came up with a fair price so that everyone could take advantage of your product if they chose to do so, then someone bought your product and sold it to make way more than double the profit you spent years developing?
You are right about one thing, scalpers wouldn't sell anything if there wasn't a high demand. However, those individuals wouldn't go to scalpers if there was product in the store they could buy.
You have no idea how corrupt some people are. The majority of these scalpers are the same ones that are going into the Stores and are fooling the credit systems to buy products with stolen credit cards, only so they can mess up your credit so you can't buy the things you want. Then they'll sell them to you and a much higher price to make untraceable cash. THAT is what Apple is trying to stop.
I think you misread his post. To activate an iPad means to get past the itunes logo so you can use it. All you have to do is connect it to iTunes. You don't ever need an itunes account, unless you want to download apps. Yes you can use wifi to search the internet, but you'd still need and itunes account to download apps. And you still need to connect it to itunes to activate it.
You're obviously foreign so I'll let the grammar slide. I hardly carry cash and know how much I have in my account within a few dollars (due to rounding). It's pretty simple math. That, or use that little ledger they give you when you open your account. It's not that hard. Just don't do it while you're still on line - it's just rude.
Have you ever heard a thing called the stock market? You breathe too heavily about any company and it shifts. Apple was trying to protect the shareholders but not having this bad pr hurt their stock.
3G requires a credit card to establish service.
Not if she has the 3G model. I would imagine she thought of this already, can't resist sniping can you.I would imagine she will have a reason to get a debit card now.
No, it isn't. Please do not disclose false legal advice. I'm saying this for your own safety, as real lawyers will eat you alive. Check the definition of debt, and check the US Treasure site. Common sense prevails.