Minnesota sellers acceptance of United States currency requirement

Minnesota's SF 695 requires most physical retailers in the state to accept U.S. currency (like paper bills) for in-person purchases. It applies to stores selling goods or services directly to customers at their location, with exceptions for transactions requiring credit card deposits, specific prepaid card conversions (with strict conditions), and banking/credit union transactions. Retailers who refuse cash face penalties up to $250 per violation. The law takes effect January 1, 2026, and does not impact online sales or payment methods like credit cards for standard transactions.