Credit cards
15.06.2012 1725

Credit cards

Retailers will be required to accept bank cards

The Ministry of Finance has published a bill according to which retailers with revenues of more than 60 million rubles a year will be required to install electronic equipment (POS-terminals or their analogues) for reading bank cards. The requirement of the ministry may come into force on January 1 of 2014 of the year.

The changes will affect the federal law "On the fundamentals of state regulation of trading activities in the Russian Federation." The purpose of the innovation is to ensure “equal consumer rights for those who prefer to pay both in cash and by non-cash means,” says the explanatory note to the bill.

In addition, the Ministry of Finance hopes to reduce the shadow turnover, which is stimulated by the circulation of cash. According to the Ministry of Finance, the volume of the shadow sector, for example, in Internet commerce, ranges from 70% to 80%, with a total market volume of 320-350 billion rubles.

All trade and service organizations and online stores, with the exception of microenterprises, fall under the bill. That is, POS-terminals will be required to be installed by retailers, whose daily revenue is more than 164 thousand rubles. For comparison, the daily revenue of the Magnit retail chain is about 917 million rubles, according to arendator.ru.

Retailers will be required to accept bank cards. The Ministry of Finance has published a bill according to which retailers with revenues of more than 60 million rubles per year will be required to establish ...

Latest News

Dior held a live show of the Fall'21 collection in Shanghai

On Monday, Shanghai hosted a live show of the collection of the French luxury brand Christian Dior, which took the opportunity to present its fall'21 collection in a real show during Fashion Week in ...
15.04.2021 75

Reebok and Cardi B collaboration released

The first collaboration between sportswear brand Reebok and American hip-hop artist Cardi B includes clothes and two pairs of sneakers inspired by the 90s era ...
15.04.2021 78

Lamoda will double its IT staff

About 400 vacancies will be opened in the near future in the state of the Russian online retailer Lamoda due to the rapid growth of the business, - said in the official press release ...
14.04.2021 106

The results of the series of international exhibitions of shoes and accessories SHOESSTAR - presentation of collections for the fall-winter 2021/2022 season.

From the first days of March 2021 until the end of the month, a series of SHOESSTAR shoe exhibitions once again swept from Crimea to the Far East.
14.04.2021 161

The volume of imports of Russian footwear increased in early 2021.

According to customs statistics, the volume of imports of footwear by Russia from non-CIS countries in March 2021 amounted to $ 312,2 million. In March 2020, this figure was $ 227,9 million. The growth in imports of footwear in March 2021 compared to March 2020 ...
14.04.2021 215
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning