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Re: Businesses that don't accept cards
Posted: Thu Nov 24, 2022 3:31 pm
by galexinda
I prefer to pay cash to support the smaller businesses - also have never liked the idea of a bank/card issuer knowing all my spending habits!
Even so, the facility to pay by cash or card is a legality in Cyprus so disturbing that some vendors are choosing to accept cash only.
Re: Businesses that don't accept cards
Posted: Sat Nov 26, 2022 4:09 pm
by Beechwood
When in Cyprus I mostly use a Halifax Clarity Credit Card for purchases. Don't get charged any fees and the Mastercard exchange rate is used.
Re: Businesses that don't accept cards
Posted: Sat Nov 26, 2022 5:08 pm
by Dominic
ast wrote: ↑Thu Nov 24, 2022 10:45 am
So Sorry i spoke Mr Bean.
On behalf of the rest of the forum, consider yourself officially forgiven. Feel free to meander the topic of conversation as you see fit.
Re: Businesses that don't accept cards
Posted: Sat Nov 26, 2022 6:06 pm
by J B
Les Bean wrote: ↑Wed Nov 23, 2022 10:12 am
Businesses are legally required to accept card psyments. The ONLY reason restaurants would require cash is to avoid paying taxes, it's very bad practice to force customers to abet tax avoidance
Guilty till proved innocent?
When I paid Atlantic Insurance a few years ago (pre Covid) I was given a discount for cash as there would be no JCC fees for them to pay.
Maybe that's a good reason not to accept cards?
Re: Businesses that don't accept cards
Posted: Sat Nov 26, 2022 7:19 pm
by glang3000
JB That is against the law. EU law states that you can not charge more or less dependant on the means of payment i.e. you can not charge more for say a card payment and if you discount for cash you are actively charging more for card payments, I don't agree with this law as I think it raises prices but the law is the law.
Les Bean, I was merely pointing out that the Cypriot shops may be breaking the law because they can't afford card payments as apposed to the belief held by some that it's for tax evasion.
Gary
Re: Businesses that don't accept cards
Posted: Sat Nov 26, 2022 11:25 pm
by PolemIan
Some businesses used and preferred cash to avoid putting it through the books and avoid corporation tax. This backfired on some when it came to claiming for support during COVID as their figures don’t meet the required criteria due to the missing funds.
Ian
Re: Businesses that don't accept cards
Posted: Sun Nov 27, 2022 3:28 pm
by J B
glang3000 wrote: ↑Sat Nov 26, 2022 7:19 pm
JB That is against the law.
I'll phone the Astinomia tomorrow
Re: Businesses that don't accept cards
Posted: Tue Nov 29, 2022 11:15 am
by trevnhil
It seems that even to read your link you have to subscribe to the newspaper. No Thanks