I feel like this is an exceptionally dumb question but, does paying in “cash” limited to paying with paper currency? Or would paying for something, say a vehicle, in full and with a debit card also qualify? so, basically, does not paying with credit or in payments qualify?
Also, paying in full with a debit card is a preferred method for a car dealership, right? Would that be something that one could offer in negotiation in order to bring the price down a bit?
Thanks for anyone who answers this. Much appreciated and have a good day.
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The line blurred with bank cards. It used to be that you paid with cash (legal tender, aka bills and coins), check (ya, those things), or credit card. The benefit of cash being, of course, that it doesn’t bounce or get rejected by the credit card issuer.
So if we’re being pedantic by definition, cash would probably mean ‘legal tender’, but given the instant and secure nature of digital payments these days, I think a person could make a decent argument that any instant payment that makes the funds available to the recipient immediately could qualify as cash.
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