MKB Juristen drafts custom legal documents
It is best not to cobble together or copy important contracts, terms and conditions, and other legal documents yourself. We help entrepreneurs on a budget with customized legal solutions, clear costs upfront, and practical explanations.
- Custom contracts, terms and conditions, and legal documents
- Budget-friendly and clear about the costs upfront
- Request a free consultation or a no-obligation quote
Customers can pay in various ways: cash, debit card, bank transfer, or even cryptocurrency if both parties wish. Payment rules apply in this regard. For instance, the euro is legal tender, but a business owner may refuse cash under certain conditions, provided they make this clear in advance.
Various payment methods
Your customers can pay in cash, by debit card, or by bank transfer. Payment with non-legal tender such as Bitcoin is also possible, provided both parties agree. Specific points of attention and rules apply to each method.
Cash: legal, but refusal is sometimes allowed
The euro is legal tender in the Netherlands. However, under certain conditions, a business owner may refuse cash—for example, for security reasons or for large denominations—provided they make this clear in advance, for instance with a sign reading 'card payments only'. The customer then knows what to expect beforehand.
Pay attention to cash and money laundering rules
Anti-money laundering rules apply to large amounts of cash. Reporting and investigation obligations exist for certain professions and transactions, and limits apply to cash payments in certain situations. Be aware of this if you work with large amounts of cash.
Crypto and other payment methods
Cryptocurrencies such as Bitcoin are not legal tender, but you may accept them if you and your customer agree to do so. In that case, take into account value fluctuations, administrative processing, and tax implications. Document what you accept and under what conditions.
Frequently Asked Questions
Can I refuse cash?
Under certain conditions, yes, provided you make this clear in advance, for example with a sign. The euro is legal tender, but a debit card requirement is permitted.
Can I accept payment in Bitcoin?
Yes, if you and your client agree to that. It is not legal tender; be aware of exchange rate risk, administration, and tax implications.
Are there rules regarding large amounts of cash?
Yes, anti-money laundering rules with reporting and investigation obligations for certain transactions and professions.
Are your payment and delivery terms in order?
Our legal experts draft your payment arrangements in your general terms and conditions. View our contract lawteam or schedule a free consultation.
