Sellers requirement to accept United States currency for purchases

This bill requires sellers in Minnesota to accept United States currency, including Federal Reserve notes, as payment for goods and services. The rule applies to in-person transactions at locations where the seller takes cash, with specific exceptions for banks, credit unions, and certain security deposit scenarios. While businesses with multiple sales points must accept cash at at least one location, they are exempt from the requirement if they only use cash-to-card conversion devices that charge no fees, require no large deposits, provide receipts, and do not limit card usage. Violations of this requirement could result in a civil penalty of up to $250 for each transaction or attempted transaction.