Payment Choice Act of 2025 mandates brick-and-mortar businesses to accept cash payments up to $500 per transaction.

The Payment Choice Act of 2025 requires retail businesses accepting in-person payments to accept cash for transactions up to $500. Businesses cannot refuse cash payments or charge higher prices for cash transactions. Exceptions include temporary system failures or insufficient cash on hand. Businesses can provide a cash-to-prepaid card conversion device if it meets specific criteria. The Secretary of the Treasury will issue rules requiring acceptance of $1, $5, $10, and $20 bills. The act allows for civil actions for violations, with potential penalties and attorney's fees.

Payment Choice Act of 2025 mandates brick-and-mortar businesses to accept cash payments up to $500 per transaction.

The Payment Choice Act of 2025 requires retail businesses accepting in-person payments to accept cash for transactions up to $500. Businesses cannot refuse cash payments or charge higher prices for cash transactions. Exceptions include temporary system failures or insufficient cash on hand. Businesses can provide a cash-to-prepaid card conversion device if it meets specific criteria. The Secretary of the Treasury will issue rules requiring acceptance of $1, $5, $10, and $20 bills. The act allows for civil actions for violations, with potential penalties and attorney's fees.