Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

All Stores in Russia may be Obliged to Accept Bank Cards
17.02.2019 01:41
All Stores in Russia may be Obliged to Accept Bank Cards

The bill obliging all stores in Russia to accept bank cards for payment is under discussion in the government - if approved, it can be passed this year. Now only stores with the turnover over 40 million rubles a year or more have to accept cards; this threshold will be reduced gradually.

      From next year this figure will gradually decrease: first to 20 million rubles of turnover per year, then to 10, to 5 million, and finally to zero That is, all trade and service enterprises will be required to provide an opportunity for the customer to pay for a product or service with a bank card.

      High acquiring commissions is still a problem in Russia,  due to the monopolization of the market. Now the average commission for acquiring is about 3% of turnover, which is very high compared to European standards.




Author: Anna Dorozhkina

Tags: Russian retail Russian business    

Next Previous

You might also find interesting:

AliExpress will Launch an Express Food Delivery Service in Russia
Moscow will Distribute to Businesses Free Accounts on eBay and Europages
Gazprom and Roskosmos to Expand Cooperation on Satellite Systems
Business Profits Fell by 67% in Spring
Acceptance of Applications for Moscow Business Subsidies Resumed

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Film Festival in France  Moscow  investment  Russian National Parks  Moscow Museums  Udarnik Movie Theater  Russian regions  Mercedes-Benz Fashion Week Russia  book hotels in Russia  Russian courts  Russian law  St. Petersburg  Treasures  Tragedy  Alexander Solzhenitsyn Award  Influenza A  Russian business  Russian tourism  Elena Guro  Russian summer  ecology  Folk Art Festivals  Vasili Shukshin  email service  Russian International  Anna Golubkina  Russian Cinema  high technologies  St.Petersburg International Cultural Forum  Murmansk  Alexander Pushkin  Russian Music Instruments  Yuri Annenkov  Russian souvenirs  Exhibitions in Moscow  Aeroflot  Alphaville  Festivals in Moscow  Hermitage  Russian Nature  Sokolniki  2018 World Cup  Orient  Bashneft  Russian Helicopters   Chegemskoe Gorge  new aircrafts  travel to Russia  Alexey Navalny  Illustration 

Travel Blogs
Top Traveling Sites