A reader tipped us that Apple Stores are no longer accepting cash for iPhones. A quick call to a random selection of stores confirmed this.

Apple has also instituted a two iPhone limit at its stores.

This is presumably a measure to cut down on the amount of iPhones being purchased, unlocked and sold at a markup.

If you are wondering if Apple is breaking the law with this new policy, Mac|Life reader Anonymous2, (He/She must hate their parents for that name) pointed us to the US. Treasury FAQ page.

"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."

So there you go. You can start accepting chickens as payment for your Ebay items.

UPDATE: After making a few calls to local San Francisco AT&T stores, we have learned that AT&T stores are still accpting cash for iPhone purchases. Check with your local stores to see if they are accepting cash.