Declining card use is projected

Free cash up may affect the credit card payment in a bad way.The Hungarian consumers are price sensitive and if the banks charge card payments, the ratio of buying with cash is increasing again.

Due to this effect, the merchants are likely to give their pos-terminals back, to avoid to pay the cost of ownership – the general secretary of the OKSZ told Napi Gazdaság. Vámos György believes that the retailers would pass the transaction fees on the customers in any case. The pilot program in Fejér county, where the goal was to widespread card payments ended with modest results.

More details at: http://www.onlinekassza.hu/hirek/osszes-hir/706-csokkeno-kartyahasznalatot-prognosztizalnak