Has anyone else run into a situation where a business has refused to accept a penny as payment for goods?
That happened to me today. Simply wouldn't take them. I mumbled something about it still being legal tender and then used my debit card, so it cost THEM a few cents.
I was surprised to learn that it's perfectly legal for a business to say NO to the lowly penny. As is pointed out in the full length version of the story below, you'd think a business would want to be as customer friendly as possible.
The Royal Canadian Mint said businesses are legally able to refuse any form of payment, including the penny
CBC News/CP
Posted: Feb 11, 2013 7:53 AM ET
As the penny begins to fade out of the Canadian economy, CBC News has received reports of at least one business in Chatham, Ont., refusing to accept the copper coin.
It's perfectly legal to refuse the coins, according to the Royal Canadian Mint.
The mint said businesses can refuse any form of payment, which includes rejecting Canadian currency like the penny.
"They can refuse to take pennies if they like, just as we've seen in the past merchants posting notices that they don't take the old paper $50 and $100 bank notes," said spokesperson Alex Reeves.
http://www.cbc.ca/news/canada/windsor/s ... penny.html