Roy Bland, St Ives, UK. Legal tender is a concept based … Apr 6, 2018 . There are any number of businesses that take only cash. ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. Around here it is the opposite. A shop owner can choose what payment they accept. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. Are shops allowed to refuse £50 notes even though they are legal tender - and will we get new polymer ones to beat fakes? By Aaron Larson | Law Offices of Aaron Larson. 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. 26 March 2020, 13:55. The elderly and rural communities are some of the people that depend on cash … Tweet Widget; It is a widely held belief that U.S. law requires that businesses accept cash payments from their customers. Is it Legal to Refuse Cash 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? Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. Likewise for all other banknotes, it’s a matter of discretion. Supermarkets are adding new opening times in order to help staff restock. Published: … 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. Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. Supermarket lockdown rules: Can I pay cash and what are the opening times? 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