Retail Business Must Accept Cash
The act requires retail establishments that offer goods or services to accept United States currency (cash) to purchase the goods or services, but does not apply to:
- Establishments that do not have an individual accepting payment in person;
- Establishments that provide a device to convert cash into a prepaid card with no fee and a minimum balance of no more than one dollar;
- A transaction in which a security deposit is placed on a credit card or in which a credit card number is provided to cover unforeseen damages or expenses; and
- A bank or credit union.
A violation is a class 2 petty offense punishable by a fine of up to $250. The act applies to offenses committed on or after the effective date of this act.
(Note: This summary applies to this bill as enacted.)