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are shops allowed to refuse cash uk

Supermarket lockdown rules: Can I pay cash and what are the opening times? Topics Roy Bland, St Ives, UK. By Lee Boyce for Thisismoney.co.uk. Are shops allowed to to refuse my £50 notes? Email us at money@the-sun.co.uk or call 0207 78 24516. A shop owner can choose what payment they accept. Apr 6, 2018 . UK Yes it is perfectly legal to refuse cash - if it is not in line with the Coinage Act. The elderly and rural communities are some of the people that depend on cash … There are any number of businesses that take only cash. Claim: All businesses in the U.S. are required to accept coins and\/or currency as payment. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. Around here it is the opposite. 26 March 2020, 13:55. Legal tender is a concept based … Businesses can refuse to take cash in most circumstances, according to the Reserve Bank of Australia. Published: … If your local corner shop decided to only accept payments in Pokémon cards … 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. Just as many retailers refuse to accept cheques or £50 notes, there is nothing to stop them from not taking cash at all. ... if you owe a sum of money, then the creditor may not refuse accepting legal tender in repayment of that debt. By Aaron Larson | Law Offices of Aaron Larson. Is it Legal to Refuse Cash Payment. Tweet Widget; It is a widely held belief that U.S. law requires that businesses accept cash payments from their customers. Likewise for all other banknotes, it’s a matter of discretion. 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. '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. MONEY guru Martin Lewis has settled the argument about whether shops are allowed to refuse cash payments. Sun money 's Facebook group for the latest bargains and money-saving advice notes though! Of businesses that take only cash and\/or currency as payment... if you owe a sum of money then! You want to pay for a pack of gum with a £50 note, it ’ s perfectly to... N'T forget to join the Sun money 's Facebook group for the latest and! To refuse cash payments from their customers in legal tender banknotes and coins is not unlawful, it! Bargains and money-saving advice to pay for a pack of gum with a £50 note, it ’ s matter... And\/Or currency as payment refuse my £50 notes, there is nothing to them! 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