Legal tender is a concept based … ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. Topics Around here it is the opposite. Are shops allowed to to refuse my £50 notes? By Lee Boyce for Thisismoney.co.uk. Supermarket lockdown rules: Can I pay cash and what are the opening times? Roy Bland, St Ives, UK. Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. By Aaron Larson | Law Offices of Aaron Larson. Just as many retailers refuse to accept cheques or £50 notes, there is nothing to stop them from not taking cash at all. 'Refusal to accept payment in legal tender banknotes and coins is not unlawful,' it states. A shop owner can choose what payment they accept. The elderly and rural communities are some of the people that depend on cash … 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. There are any number of businesses that take only cash. Tweet Widget; It is a widely held belief that U.S. law requires that businesses accept cash payments from their customers. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. MONEY guru Martin Lewis has settled the argument about whether shops are allowed to refuse cash payments. Is it Legal to Refuse Cash Payment. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. Supermarkets are adding new opening times in order to help staff restock. UK Yes it is perfectly legal to refuse cash - if it is not in line with the Coinage Act. 26 March 2020, 13:55. 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