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Resolved Will Apple allow you to pay cash for iPhone?
- Thread starter nhlfreak98
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Money is money, and Apple likes money.
If you went in and bought $50k worth of iPhones with a duffel bag full of cash you might raise some red flags.
If you went in and bought $50k worth of iPhones with a duffel bag full of cash you might raise some red flags.
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 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.
Apple at one point early in the iPhone life cycle forbade the use of cash. Also there are retailers that choose not to accept cash, so while it is legal tender, that may not gaurentee that a retailer is willing to accept it.
In this case, Apple does.
Last year or something a guy was in the news that just payed like 20 homeless people to stand in line and buy iPhones for him. He probably did buy $50k worth of iPhones as he did this in numerous stores.
I paid cash shortly after the iPhone 5 launch wasn't a problem same as a maxed out spec rMBP.
I have had to return a £2300 rMBP that I paid cash for, that was a little more complicated. They store didn't have £2300 is cash so they made a bank transfer a few days later.
I have had to return a £2300 rMBP that I paid cash for, that was a little more complicated. They store didn't have £2300 is cash so they made a bank transfer a few days later.
Interesting. Hence why the smart ones pay people to stand in line at multiple stores.
Will Apple allow you to pay cash for iPhone?
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Haha no but that's too funny
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Haha no but that's too funny
Actually not true. Cash on hand is a GIGANTIC liability issue. You must also keep enough to make change and then there is a responsibility chain tied to it. Plus you need a service to transfer it out of the store and to the bank. Apple accepts cash more as a 'good will' service and not to incur bad press like in the past.
Apple would love to be 100% cashless and not deal with all the hassles.
Sorry but all companies do NOT accept cash. Try paying rent with cash
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Agreed, I remember people be pi$$ed off because they would not accept cash for an iPhone. Credit card ruled.
Actually not true, if there are room availability then you can pay all in cash and leave a cash deposit without ever using a credit card.
Also I'm surprised people are forgetting about the original iPhone, they accepting cash for a while which made it hard for some people who had cash but didn't have a credit card.
There was a time (c. 2007) when Apple required a credit card to purchase an iPhone. However, those times are past.
For reference:
http://www.zdnet.com/blog/berlind/w...or-iphones-and-the-legal-questions-raised/873
No cash is a dangers liability to keep on hand. Cash also requires security, accountability and is a logistical nightmare.
Apple ONLY takes cash for PR reasons and it costs much more for Apple to process than CCs.
I've bought an iPhone 5 last year with cash and they didn't say anything I don't know if they changed polices or something like that
Well I guess if you think of it this way: if you demanded to be paid with cash at your job, instead of direct deposit, cash card, or check (a dying breed) would they do it?
Exactly because people like to rob Apple stores in the same way they do banks.