Compulsory card payment change worries small businesses

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Compulsory card payment change worries small...
 © CyprusMail 2021
Although a positive move, making card payments a compulsory transaction option might create a number of issues for smaller shop owners, their union Povek said on Monday.

As of Sunday, more than 80 types of retail businesses, including doctors, lawyers and street food vendors, must also accept plastic money in line with a decree issued by the finance ministry in June in a wider effort to fight tax evasion.

Povek head Stefanos Koursaris told the Cyprus Mail that the union has a few concerns about how smaller vendors will be able to keep up with enforcing the decree.

The union believes that...


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Article automatically added to our system on Tuesday, September 21, 2021

Compulsory card payment change worries small businesses


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Article Tags: #compulsory   #payment   #change   #worries   #small   #businesses  


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