I have an Auto and RV repair facility. We take cash and credit cards, no checks. On jobs that are going to be in the thousands the vehicle owner pays 50% up front. We've been stiffed after jobs are completed so we will have a solid committment before beginning.
As to the legal tender thing:
The pertinent portion of law that applies to this question is the Coinage Act of 1965 Section 102. It can also be found in section 392 of Title 31 of the United States Code.
The law says:
"All coins and currencies of the United States, regardless of when coined or issued, shall be legal-tender for all debts, public and private, public charges, taxes, duties and dues."
What this statute means is all United States money is 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.
Nixon ended the gold standard but it was Johnson who had the law passed removing US currency from being tied to any item of value.
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