Re: CompUSA Refuses To Accept Cash

[Kevin Johnson <kjohnson () secureideas net>]

On Jan 24, 2008, at 3:53 PM, Larry Seltzer wrote:
> > > Aren't they going out of business anway?
>
> I believe so, and while I don't excuse not taking cash (I really  
> suspect
> it's illegal) I can imagine why they would want it this way. When you
> take cash you have to worry about securing it and dealing with the  
> bank,
> and it's just a lot easier to funnel everything through credit cards,
> although it does cost money.
>
> Personally, I'm happy to see them go. I got ripped off by CompUSA many
> years ago and swore I'd never do business with them again. This story
> should give you a sense of how they operate: I bought a KVM switch (a
> Belkin) and it was DOA when I got it home. I brought it back and the
> store manager told me to my face that he couldn't take the return
> because it would cost his store too much money. I gave him my PC
> Magazine business card and left. Another CompUSA took the return (the
> people there were appalled). I wrote a letter to corporate on it and
> never heard back.

While I will agree with any hatred of CompUSA, it is not illegal for  
them to not take cash.  While money is legal tender, there are no  
federal statutes that say a private entity must accept it.

The information is from http://www.treas.gov/education/faq/currency/legal-tender.shtml

Kevin
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