How much does pos really cost to shopkeepers?

But how much does Pos really cost to shopkeepers? The use of cards and ATMs will cost businesses at least 5 billion euros, including commissions and ancillary costs, in 2022. A proportionately heavier burden, especially for small businesses, especially commerce, which has seen margins shrink due to commission costs. The forecast came from Confesercenti in light of the technical table on deduction of commissions on payments made via Pos, issued by the Ministry of Economy on Friday, March 17. The chart is an opportunity to finally put an end to a question that has been open for more than a decade, the obligation first enshrined in the Growth 2.0 Decree in 2012, characterized by years, delays, debates, contradictory provisions and promises that were never kept.

Over the past decade, Italy has become the European country with the highest number of POS (3.9 million), although the number of transactions is still below average, Confesercenti reported. On the other hand, the average transaction amount is higher – around 50 euros – a figure that underlines that the problem is above all about microtransactions. In 2022, transactions with digital payments reached 400 billion euros, almost 40% of the total spent by Italians. It will be 50% in 2023.

A result at huge costs borne by traders: Confesercenti surveys actually weigh up to and above 1.4% of commissions traded for small businesses. Where overall the proportion of electronic money payments is growing rapidly: in some cases – such as clothing – even reaching 80% of sales.

Commission costs are particularly a problem for tobacconists, petrol pump managers, newsagents, and any other business with low sales margins. And after all this time, the participants are finally waiting for a solution to the problem. The stated purpose of the roundtable is, in fact, the reduction of plastic money costs for approximately 2.5 million small businesses with an annual turnover of less than 400 thousand euros. It is hoped that there will not be a simple re-adjustment of the existing provisions – the proposed tax credit is currently insufficient – ​​but that real reform will be achieved that supports the diffusion of electronic transactions through a more equitable distribution of costs. But to achieve this result, the government needs to play an active role, not just a guarantor.

“The greater prevalence of electronic money will support the modernization of the country’s economic system, a goal shared by Confesercenti. However, acquiring it with a top-down obligation creates a distortion to the detriment of traders: therefore, these types of measures are often accompanied by facilitation, To finally clarify the current costs of electronic money at the table, we will offer to set up an observatory, as well as free transactions for businesses with an annual turnover of less than 30 euros. Less than 400 thousand euros allow them to acquire contactless devices and a three-year term on all transactions help them prepare for a new, broader tax credit,” concludes Confesercenti.

Source: Today IT

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