Senate Bill 230 mandates that retail sellers in Wisconsin must accept cash as a form of payment during face-to-face transactions at their physical locations, unless they are legally prohibited from doing so. This requirement aims to ensure that consumers have the option to pay with cash, promoting accessibility in retail transactions. Retailers who fail to comply with this law will face civil forfeitures ranging from $200 to $5,000 for each violation.
The bill also empowers the state department or district attorneys to initiate legal actions to recover these forfeitures and to seek injunctions against retailers who do not adhere to the cash acceptance requirement. This legislative measure is designed to protect consumer rights and maintain cash as a viable payment option in retail settings.