... 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. UK Yes it is perfectly legal to refuse cash - if it is not in line with the Coinage Act. Around here it is the opposite. A shop owner can choose what payment they accept. Published: … MONEY guru Martin Lewis has settled the argument about whether shops are allowed to refuse cash payments. By Lee Boyce for Thisismoney.co.uk. Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. Apr 6, 2018 . Likewise for all other banknotes, it’s a matter of discretion. If your local corner shop decided to only accept payments in Pokémon cards … The elderly and rural communities are some of the people that depend on cash … Roy Bland, St Ives, UK. Topics There are any number of businesses that take only cash. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. Supermarket lockdown rules: Can I pay cash and what are the opening times? 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. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. Tweet Widget; It is a widely held belief that U.S. law requires that businesses accept cash payments from their customers. By Aaron Larson | Law Offices of Aaron Larson. Are shops allowed to refuse £50 notes even though they are legal tender - and will we get new polymer ones to beat fakes? 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