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FAQ Articles

Is an alcoholic beverage wholesaler in compliance with the "cash for beer" provision of the state administrative code if a retailer elects to pay a wholesaler using an electronic funds transfer (EFT)?

Yes. Use of an EFT is a permissible means of complying with the “cash for beer” provision of the administrative code. The retailer must initiate an EFT request the day the wholesaler delivers the beer to the retailer’s physical location. The wholesaler should be provided with an EFT remittance advice indicating the date the funds were requested by the retailer and the date the funds will be placed in the wholesaler’s financial account. The funds should be placed in the wholesaler’s financial account no later than the second business day after the delivery date of the beer to the retailer.

nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

Ryan Rauschenberger
Tax Commissioner
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FAQ Articles

Is an alcoholic beverage wholesaler in compliance with the "cash for beer" provision of the state administrative code if a retailer elects to pay a wholesaler using an electronic funds transfer (EFT)?

Yes. Use of an EFT is a permissible means of complying with the “cash for beer” provision of the administrative code. The retailer must initiate an EFT request the day the wholesaler delivers the beer to the retailer’s physical location. The wholesaler should be provided with an EFT remittance advice indicating the date the funds were requested by the retailer and the date the funds will be placed in the wholesaler’s financial account. The funds should be placed in the wholesaler’s financial account no later than the second business day after the delivery date of the beer to the retailer.

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