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. ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. Just as many retailers refuse to accept cheques or £50 notes, there is nothing to stop them from not taking cash at all. 26 March 2020, 13:55. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. A shop owner can choose what payment they accept. 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 your local corner shop decided to only accept payments in Pokémon cards … Are shops allowed to to refuse my £50 notes? Topics The elderly and rural communities are some of the people that depend on cash … By Aaron Larson | Law Offices of Aaron Larson. Supermarket lockdown rules: Can I pay cash and what are the opening times? Likewise for all other banknotes, it’s a matter of discretion. 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. Are shops allowed to refuse £50 notes even though they are legal tender - and will we get new polymer ones to beat fakes? Published: … Around here it is the opposite. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. Email us at money@the-sun.co.uk or call 0207 78 24516. Legal tender is a concept based … By Lee Boyce for Thisismoney.co.uk. 'Refusal to accept payment in legal tender banknotes and coins is not unlawful,' it states. Supermarkets are adding new opening times in order to help staff restock. 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