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Old vs. new, which one do you like more?
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Five. A new 500 € banknote has never been issued.
Some fuckwit gave me one of those in payment one time. He even laughed and said "Good luck with that"
Yes, you have to take them to the bank, nobody else will touch them
In the early days of the euro I got paid fully in cash and every now and then I got one of those in the envelope. I don't recall having trouble to pay with it... but those days are gone and haven't seen a 500 note in ages.
Not only they are not accepted in most private places, I think they are being recalled and slowly brought out of circulation