If The iPhone Were Sold in Australia Steve Jobs Would Be a Wanted Criminal
November 3rd 2007 16:48
In Australia it's quite clear that legal tender cannot be refused as a method of payment so long as it it meets the following conditions:
The United States however does not have any laws recquiring payment be in legal tender,
From Wikipedia
So while in Australia there are laws that give businesses leeway in case they are presented with unusal circumstances to not accept payment in the US the business is absoloutely free to make its own choices.
In this sort of 'free market economy' it is clear that the consumer is the actual loser, for instance people with no creditcard cannot buy an iPhone from Apple in the US yet in Australia it is recquired by federel law that the payment be accepted by the company.
Apple is trying to limit the number of iPhones sold to two per customer. By limiting the number of iPhones any individual can own reselling it because impossible. People could buy, say a hundred iPhones, unlock them and sell them for a slightly higher price, at least in theory this credit card verification can keep that from happening. It's a pity Apples tactics haven't really paid off as unlocked iPhones are still being sold on eBay.
not exceeding 20˘ if 1˘ and/or 2˘ coins are offered;
not exceeding $5 if any of 5˘, 10˘, 20˘ and 50˘ coins are offered;
not exceeding 10 times the face value if coins in the range 50˘ to $10 inclusive are offered;
to any value if coins of value greater than $10 are offered.
not exceeding $5 if any of 5˘, 10˘, 20˘ and 50˘ coins are offered;
not exceeding 10 times the face value if coins in the range 50˘ to $10 inclusive are offered;
to any value if coins of value greater than $10 are offered.
The United States however does not have any laws recquiring payment be in legal tender,
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.
From Wikipedia
So while in Australia there are laws that give businesses leeway in case they are presented with unusal circumstances to not accept payment in the US the business is absoloutely free to make its own choices.
In this sort of 'free market economy' it is clear that the consumer is the actual loser, for instance people with no creditcard cannot buy an iPhone from Apple in the US yet in Australia it is recquired by federel law that the payment be accepted by the company.
Apple is trying to limit the number of iPhones sold to two per customer. By limiting the number of iPhones any individual can own reselling it because impossible. People could buy, say a hundred iPhones, unlock them and sell them for a slightly higher price, at least in theory this credit card verification can keep that from happening. It's a pity Apples tactics haven't really paid off as unlocked iPhones are still being sold on eBay.
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