Topics By Lee Boyce for Thisismoney.co.uk. MONEY guru Martin Lewis has settled the argument about whether shops are allowed to refuse cash payments. Legal tender is a concept based … Are shops allowed to to refuse my £50 notes? Likewise for all other banknotes, it’s a matter of discretion. Supermarket lockdown rules: Can I pay cash and what are the opening times? 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. Tweet Widget; It is a widely held belief that U.S. law requires that businesses accept cash payments from their customers. 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? 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. Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. If your local corner shop decided to only accept payments in Pokémon cards … Email us at money@the-sun.co.uk or call 0207 78 24516. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. Published: … Is it Legal to Refuse Cash Payment. Apr 6, 2018 . 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. ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. There are any number of businesses that take only cash. Roy Bland, St Ives, UK. Just as many retailers refuse to accept cheques or £50 notes, there is nothing to stop them from not taking cash at all. By Aaron Larson | Law Offices of Aaron Larson. 'Refusal to accept payment in legal tender banknotes and coins is not unlawful,' it states. 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