In full expansion of mobile payments and, of course, at the height of credit and debit cards there is still a redoubt of business that is obstinate in closing its doors to transactions with plastic money. Therefore, we are forced to visit the cashiers beforehand to stock up on cash. But why do they do it? And why the customer refuses to pay their purchases of small amounts and opts for the card? The truth is that the trend is that cash payments walk towards extinction as we will see later.
However, let’s first address the issue of card reluctants to pay small amounts of money . The dreaded commissions are the key to this whole matter. Thus, many shops require a minimum purchase from their customers so that they are allowed to pay their purchases by card. And the consumer, in turn, tends to use the purse to pay for purchases even if the store has no qualms about the customer paying as he wants regardless of the expense incurred, in addition to some distrust of the store.
Of course, the large stores inspire us with total confidence and would never oppose the customer paying the invoice with a card even if it is five thousand euros.
A law to encourage card payments
However, as we said, a change begins to appear. Thus, the hand of the Government is noted because in 2014 it approved a Royal Decree aimed at encouraging card payments . Specifically, it was intended that banks charge less money for each operation and, therefore, lower commissions charged to businesses for each operation they perform at the POS.
It also affects, in some way, the two-euro commissions imposed on non-customers at ATMs.
In fact, these circumstances have been added and it seems that they push the clientele to throw themselves in the arms of their cards, authentic saviors that take them out of the trouble of walking without cash, because in January the record of payment with cards was broken in the POS of the markets.
Therefore, we begin to intuit an evolution, which will be even more accentuated with the settlement of mobile payments, although there is still a way as it shows that a third of small businesses continue to reject them. Not surprisingly, 65.9% admit the cards, but 54% of them continue to demand spending a minimum amount to accept it. But it is true that 63.8% are convinced that not accepting them damages their sales.
Taxis with card
So it seems clear that businesses that refuse to implement a POS or present limitations to its use by the customer are bound to die or, at least, to fare a little worse than they should.
A sector accustomed to cash and sound money is that of taxis. In this union only 30% of them incorporate this facility for customers. A contradiction that runs in the opposite direction to the comfort of the traveler who has already been abolished in the taxi service of New York City. There, they already know how cumbersome it is for the client to always walk with cash to pay for the races and that, on occasion, a few passengers can be lost due to this contingency that is going to spoil thanks to the dataphones.
Is it mandatory for businesses to accept cards starting at ten euros?
Such a proposal was included in the citizens’ electoral program in these past general elections. Such a possibility wanted to establish it as a true right, the right to pay by card at any establishment when we reach ten euros.
Its measure, in addition, would be offset by the fact that banks would charge less commissions for card transactions, since they would manage a larger volume.
“This is going to help us to have a more transparent system and to control the income of both establishments and citizens. In Denmark it is mandatory. We do not want it to be mandatory, but Spain is no longer the country with more cash within the EU, which has been a few years, “said his presidential candidate, Allain Nivera.
Denmark aims to eliminate cash
In line with the case of Denmark referred to by Nivera, it turns out that the European country is walking in this direction at a much faster rate than Spain and it would be rare for us to reach it. Not surprisingly, Denmark aims to eliminate cash in clothing stores, gas stations and restaurants. Therefore, it would eradicate the coins and bills at the root to give all the prominence to the cards. There would be no more actors.
As suggested by the ideologues of the measure, it would help eliminate administrative and financial costs.
Also, in the country an application called MobilePay is already very accepted, which allows you to transfer money digitally to other phones or accounts. Thus, one in three citizens already opts for this method of payment. One aspect, therefore, that does not concur in Spain that we are still very anchored to our wallets and purses.
Among some of the many arguments that are used for its implementation, there is talk of its usefulness in fighting illicit money and the underground economy. Thus, the disappearance of money would mean that illegal activities that are basically financed with bearer bills would lose their anonymity and, in many cases, cease to exist because they would lose their impunity.
Once again, Spain demonstrates its different nature and reluctant to imitate the surrounding countries. But from our loan comparator we are sure that our children will observe as authentic dinosaurs the wallets and purses that still resist in our bags.