Is this true? Martin Lewis has issued a warning to shoppers who rely on paying by cash. Martin said: "No, they're not breaking any rules. If you are a business owner and you refuse to take cash, you are breaking the law.” He gave an example. Claim: U.S. Treasury Law Says It Is Unlawful For Businesses To Refuse TO Take Cash In fact, we see more and more small businesses opting for card-only as the majority of consumers are using debit cards regularly. But, just because plastic is dominating does not mean cash is obsolete. Can you really not refuse payment of a service in coins? For example, the fast food drive-through may refuse large denomination bills. UK News. Digital Payments News: Legislation could force retailers and restaurants in some states to accept cash because cashless stores discriminate against the unbanked Cash. What the experts are saying about coronavirus: I certainly agree that someone can refuse to accept cash in payment for something - certainly most places these days will refuse a "large" cash payment, citing money laundering regulations - and I also agree that someone can refuse to take credit or cheque to settle a debt. A large amount of banknotes are held in the UK to pay for things: the cash in our wallets; in shop tills; in banks and ATM machines. Amazon, Inc., announced that its cashier-free Amazon Go stores would now accept cash. Just because it’s been around forever doesn’t mean that it HAS be accepted everywhere. seekingwolf (10407) “Great Answer” (2) Flag as… ¶ @The_Compassionate_Heretic Just because they have a compelling reason not to accept payment in cash doesn’t make it legal. By Lee Boyce for Thisismoney.co.uk. In fact, one study found that 80% of people prefer to use card payments over cash. Businesses that refuse cash say it is faster and easier for workers to process digital payments and keep customer lines moving. Any business is within its rights to refuse a method of payment. It is not illegal to try to make payment with too many coins, nor is it illegal to accept too many coins – but the retailer has the choice. The short answer is yes, a store can refuse to take cash. No, in the UK, it is not illegal to refuse cash as payment. Many people still prefer to pay with cash. In 2017, debit card use - driven by contactless payments - overtook the number of payments made in cash in the UK for the first time. The Payment Choice Act targets businesses that refuse to accept cash as payment, post signs stating that cash will not be accepted or charge a higher price for cash over other forms of payment… My fiancee went to buy a wedding dress from a somewhat dodgy shop and they have refused to provide a receipt for when she put down the deposit and when she made an additional payment. And in some cases, it can be easier to deal with cash than cards. But, can a business refuse cash? But refusing to take a cash payment for a fine... well that's a new one on me. These posts come at a time when some businesses are refusing cash payments due to concerns about coronavirus transmission. However, if a business does decide to limit certain methods of payment, it is good practice to put up a sign informing consumers. There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. 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