Martin Lewis said stores have the right to only issue cards during the Covid-1p epidemic – and are not breaking the law by refusing to accept cash.
The question arose on ITV’s The Martin Lewis Money Show, where one person asked: “If cash is a legal tender, is it business to break the rules by simply accepting cards?”
Money-saving expert Martin’s answer was simple, the Mirror reported.
“No, they’re not breaking any rules,” he said.
“You will only be allowed to take the card unless it is discriminatory for race or disability or anything.”
But it came up with what is legally tender.
“The legal tender thing is interesting,” Martin said.
“There is a strict definition of legal tender.
“It means if the court has a debt of dignity against you, if someone tries to settle and if they have paid the legal tender, you can’t deny it.
“And that’s what it means.”
He noted that in some parts of the country, the only thing legal tender is actually currency.
“There are no notes in Scotland – neither the Bank of Scotland nor the Bank of England is a legal tender.”
However, this does not mean that they are not legal.
“They are all legal currency,” he added.
Martin made a great statement about whether it was time to move to a cashless society.
“I know a lot of people are saying ‘why don’t we just switch to a cashless society?’ – I don’t want that, because there are a lot of weak people who need cash, “he said.
And there was good news for those who relied on cash, but the closure of bank branches and the removal of ATMs have become more difficult.
“The government has said that the rules will change if we leave the EU in January, so you don’t have to buy anything if you want to cash in on the supermarket,” he said.
“And ATMs and bank branches will be closed which will be effective.”