Both money and respect are very important in our lives, we need money to fulfill our goals, desires and financial responsibilities, in other hand we need respect to validate our self-worth, and you will be valued and appreciated by the people. Money is just a material but respect is priceless, you can earn money in a lot of ways but you can only gain respect through integrity.
but I can't decide what to choose, until I found myself in such situation, No one will reject money if it was offered to them, but the manner of presentation matters, it depends on the manner that the money was presented to them, either in rude or polite manner, if the money was present to me rudely, then I would have no option but to reject it (chose respect over money), as accepting it will tarnish my image. and for me to receive money from someone who disrespects me I would rather maintain my dignity and respect, because a good name is better than riches.