Martin Lewis’ warning to customers who pay with money in supermarkets

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Martin Lewis' warning to shoppers who pay with cash in supermarkets


Cash Saving Professional Martin Lewis has warned customers that retailers are properly inside their rights to permit card funds solely – and has mentioned that they don’t seem to be breaking the legislation by refusing to just accept money.

The query arose on ITV’s the Martin Lewis Cash Present, the place one particular person requested: “If money is authorized tender, are companies breaking guidelines by solely accepting playing cards.”

Martin’s reply was easy, the Mirror stories.

“No, they don’t seem to be breaking any guidelines,” he mentioned.

“You might be allowed to take card solely so long as it is not discriminatory for race or incapacity or one thing.”

However that introduced up the query of what, precisely, authorized tender was.

“The authorized tender factor is attention-grabbing,” Martin mentioned.

“Authorized tender has a strict definitiioon.

“It means when you have a court docket awarded debt towards you, if somebody tries to settle and so they’re paying in authorized tender you can’t refuse it.

“And that is all it means.”

He identified that in some elements of the nation, the one factor that is authorized tender is, in reality, cash.

“In Scotland, no notes – neither Financial institution of Scotland nor Financial institution of England, are authorized tender.”

However that does not imply they don’t seem to be authorized.

“They’re all authorized forex,” he added.

As as to if it is time to swap to a cashless society, Martin had made a wonderful level.

“I do know many individuals are saying ‘why do not we simply swap to a cashless society?’ – I do not need that, as a result of there are lots of weak individuals who want money,” he mentioned.

And there was excellent news coming for individuals who depend on money, however are discovering it more durable to pay money for with financial institution branches closing and ATMs being eliminated.

“The Authorities has mentioned that when we depart the EU in January it can change the foundations so if you wish to get money out type a grocery store you do not have to purchase something,” he mentioned.

“And with the closures of ATMs and financial institution branches that will likely be helpful.”

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