Sellers to accept United States currency for purchases requirement

This bill requires retailers in Minnesota selling essential goods or services to accept U.S. currency (like paper bills) for in-person purchases. It applies to most brick-and-mortar stores but excludes banking institutions, credit unions, and specific transactions like security deposits on credit cards. Exceptions include prepaid card conversions meeting strict conditions (no fees, no minimum deposit, receipt requirements). Sellers violating the rule face civil penalties up to $250 per transaction. The law takes effect January 1, 2027.