If the proposed bill passes, most sellers will be mandated to accept cash payments, though several exceptions are outlined. Under these regulations, a cash transaction may be declined if the buyer attempts to pay a small sum using a large banknote, or if the seller is unable to provide the necessary change. The legislation establishes specific carve-outs for certain transactions.
Exceptions apply to remote sales, except when the transaction involves a physical collection from the provider. Furthermore, payment for public transport tickets, such as bus or train fares, will be exempt if the relevant cash registers are already equipped to process such payments. Importantly, the option to utilize card payments will remain available.
However, the law requires that sellers must offer at least one form of electronic payment alongside cash options. The bill also details several exemptions for smaller businesses or charitable activities. These include providers whose net sales in the preceding fiscal year did not exceed 10,000 euros, as well as instances where the revenue generated is designated for charitable donations.
Overall, the changes aim to standardize how consumers can pay, requiring sellers to accommodate diverse methods of payment while maintaining flexibility for specific operational needs.
Topics: #cash #payments #pay
