Around here it is the opposite. Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. Are shops allowed to to refuse my £50 notes? 26 March 2020, 13:55. Topics Legal tender is a concept based … Just as many retailers refuse to accept cheques or £50 notes, there is nothing to stop them from not taking cash at all. The system allowing people to use cash in the UK is at risk of "falling apart" and needs a new guarantee to ensure notes and coins can still be used. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. A shop owner can choose what payment they accept. The elderly and rural communities are some of the people that depend on cash … Apr 6, 2018 . Are shops allowed to refuse £50 notes even though they are legal tender - and will we get new polymer ones to beat fakes? Roy Bland, St Ives, UK. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. There are any number of businesses that take only cash. MONEY guru Martin Lewis has settled the argument about whether shops are allowed to refuse cash payments. 'Refusal to accept payment in legal tender banknotes and coins is not unlawful,' it states. UK Yes it is perfectly legal to refuse cash - if it is not in line with the Coinage Act. ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. By Lee Boyce for Thisismoney.co.uk. Email us at money@the-sun.co.uk or call 0207 78 24516. Likewise for all other banknotes, it’s a matter of discretion. Is it Legal to Refuse Cash Payment. Supermarkets are adding new opening times in order to help staff restock. Published: … Supermarket lockdown rules: Can I pay cash and what are the opening times? If your local corner shop decided to only accept payments in Pokémon cards … Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. 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