Published: … Is it Legal to Refuse Cash Payment. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. Apr 6, 2018 . Supermarkets are adding new opening times in order to help staff restock. Tweet Widget; It is a widely held belief that U.S. law requires that businesses accept cash payments from their customers. A shop owner can choose what payment they accept. Likewise for all other banknotes, it’s a matter of discretion. 26 March 2020, 13:55. Are shops allowed to refuse £50 notes even though they are legal tender - and will we get new polymer ones to beat fakes? By Lee Boyce for Thisismoney.co.uk. ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. 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 … Legal tender is a concept based … Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. Just as many retailers refuse to accept cheques or £50 notes, there is nothing to stop them from not taking cash at all. Are shops allowed to to refuse my £50 notes? Email us at money@the-sun.co.uk or call 0207 78 24516. The elderly and rural communities are some of the people that depend on cash … Topics 'Refusal to accept payment in legal tender banknotes and coins is not unlawful,' it states. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. UK Yes it is perfectly legal to refuse cash - if it is not in line with the Coinage Act. MONEY guru Martin Lewis has settled the argument about whether shops are allowed to refuse cash payments. There are any number of businesses that take only cash. 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