OKSZ requests amendment to cash payment proposal

“The National Trade Federation first encountered the planned amendment to the law on the use of cash in the framework of the social consultation, and it is puzzled by it,”

– says Tamás Kozák, the secretary general of the federation. The OKSZ is asking the government to amend the proposal because it would make it mandatory to ensure the use of cash at several points where electronic payment methods work perfectly, there is no public demand for cash payments, the implementation is not viable, but it would impose serious costs on traders and operators, and expose employees involved in delivery to danger.

A huge problem with the plan is that the planned amendment does not affect companies based abroad, so all these disadvantages will only and exclusively apply to Hungarian-owned traders, and will not adversely affect foreign players who already enjoy a competitive situation of dubious purity. This problem will further increase the competitiveness gap between Hungarian and foreign e-retailers, which will push not only Hungarian traders, but also Hungarian products out of the market in the long run.

The draft law does not take into account that retail players, with market competition in mind, have already designed the payment methods applicable at various points of purchase according to the needs of customers. Therefore, if cash payment is not currently available somewhere, it is because there is no customer demand for it, alternative cash purchase options are available, or the use of cash raises other serious problems.