Much controversy has raised the proposed raising of the ceiling on cash payments. And it brought back the evergreen discussion about the cost of electronic transactions for merchants.
For example, Confesercenti noted that the boom in payments by credit or debit card “has significant costs for merchants”, which would amount to “about 772 million euros per year, including commissions and the purchase or loan of the device. “. The consumer association of Consumerismo No Profit argues in turn that “the costs of managing cards and ATMs and commissions on electronic payments enrich the coffers of credit institutions to the detriment of users and merchants”.
Pos cheaper than cash
Some data from the Bank of Italy show that, however, electronic payments could actually save shopkeepers compared to cash. According to a 2020 survey, receiving an electronic payment would cost the merchant less than cash. Compared to the amount of the sale, on cash the average cost for the shopkeeper is 1 percent, while with a card or smartphone payment this percentage is reduced to 0.65 percent. A portion that among other things is in sharp decline: in 2009 the cost of digital transactions amounted to just over 1 percent.